Question: Use the following price level data to answer this question. 1920: 10 1950: 50 1980: 500 2009: 1,000 Say there is a classic movie released

Use the following price level data to answer this question.

  • 1920: 10
  • 1950: 50
  • 1980: 500
  • 2009: 1,000

Say there is a classic movie released in 1950. It makes $500,000 at the box office. A remake is made in 2009. It makes $10 million dollars. Which one did better at the box office?

A.The classic 1950 movie made twice as much

B.The 2009 remake made twice as much

C.The 2009 remake made three times as much

D.They both did equally well

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