The Textbook Shows That the Inflation-Adjusted Movie Receipts for Titanic

Multiple Choice

The textbook shows that the inflation-adjusted movie receipts for Titanic (released in 1997) were $3,205,455,051 in 2015 and the original receipts were $2,186,772,302.The implication is that

A) prices were about the same in 2015 as in 1997.
B) hyperinflation has occurred since 1997.
C) prices were about one-third lower in 2015 than they had been in 1997.
D) prices were roughly 50% higher in 2015 than they had been in 1997.
E) Titanic was a bad movie at the time of its release but has become more popular over time.