In 1987 a ticket to the rugby world cup (held in New Zealand in June 1987) cost
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Question:
In 1987 a ticket to the rugby world cup (held in New Zealand in June 1987) cost $44. A ticket to the 2015 final in England (held October 2015) cost £150. Calculate what a ticket would have cost in 1987 if it had been the same in real terms as a ticket in 2015. (Enter a numerical value only.)
(To do this you will need the CPI value for the June 1987 and September 2015 quarters and the exchange rate for October 2015- information below):
CPI June 1987: 489
CPI September 2015: 982
Exchange rate for October 2015: 0.4353
Related Book For
Management
ISBN: 9780730329534
6th Asia Pacific Edition
Authors: Schermerhorn, John, Davidson, Paul, Factor, Aharon, Woods, Peter, Simon, Alan, McBarron, Ellen
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