Download - Real vs Nominal
Real vs Nominal
Taylor & Min LLC.09/22/2012
2nd Highest Grossing Film
How can Titanic can be #2… What about the very first Star Wars movie…
Nominal Ranking
Look at the “nominal” gross movie ranking at http://www.the-movie-times.com/thrsdir/alltime.mv Again, where is Star Wars…
Real Ranking
Look at the “real” gross movie ranking at http://www.the-movie-times.com/thrsdir/alltime.mv Be sure to “adjust for inflation”…
Adjustment
To adjust for inflation, you need to multiply the number of estimated number of tickets sold by the average ticket price of the year (e.g. index year) you are converting to…
Objective & Discussion
Understand the difference between real andnominal measures…
What is the difference between nominal andreal GDP or Income?
What is price index?
What adjustment is made to transform nominalmeasures into real terms?