Sinking Feeling about The Titanic
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Students examine the reasoning behind, and the implications of, the change in the CPI calculation. News reports are touting the "Titanic" as being the leading box office hit of all time. But is it really? Students use the GDP Deflator (a commonly used price index) or the Federal Reserve Bank of Minneapolis' CPI calculator to determine values of real box office receipts to crown the true winners.
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