The receipts and year of release of the four movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the...

The receipts and year of release of the four movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2008 (2008 CPI 215.3). Which movie had the largest real box office receipts? Box Office Receipts Year CPI in Year Movies (millions) Released Released Titanic $600.8 1997 160.5 Star Wars 461.0 1977 60.6 Shrek 2 437.2 2004 188.9 E. T.: The Extra- Terrestrial 399.9 1982 96.5 *9. How much do each of the following contribute to GDP? a. Jones pays a repair shop $1,000 to rebuild the engine of her automobile. b. Jones spends $200 on parts and pays a mechanic $400 to rebuild the engine of her automobile. c. Jones spends $200 on parts and rebuilds the engine of her automobile herself. d. Jones sells her four-year-old automobile for $5,000 and buys Smith’s two-year-old model for $10,000. e. Jones sells her four-year-old automobile for $5,000 and buys a new car for $20,000.