calculate Zara's 2021 revenue in 2007 real dollars.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
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Problem 8CQ
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* Constant or real dollars are terms describing income after adjustment for inflation. 

Following chart outlines Zara's (parent company Inditex) annual revenue between 2007 - 2021:

Based on the revenue and consumer price index outlined, calculate Zara's 2021 revenue in 2007 real dollars.

Year Average CPI Sales in Billion US Dollars
2007 207.34 12.93
2008 215.25 15.11
2009 214.56 15.55
2010 218.08 16.64
2011 224.92 18.94
2012 229.59 20.51
2013 232.95 22.38
2014 236.72 23.75
2015 237.00 23.20
2016 240.01 25.45
2017 245.12 28.91
2018 251.10 30.81
2019 255.65 31.54
2020 258.85 23.55
2021 270.97 31.76

 

 

 

 

 

 

 

22.74 Billion USD
41.5 Billion USD
31.76 Billion USD
24.3 Billion USD
9.89 Billion USD
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