Question

3. comparing salaries from different times
consider golfers who led the professional golfersac€?c association of america (pga in winnings at different points in time. note that the winnings are nominal figures (unadjusted for inflation.
to convert the original earnings of nelson, nicklaus, and pavin, use the formula for converting dollar figures from an earlier era into today's (year 2000 u.s. dollars. using those figures, fill in the following table, making sure to round your responses to the nearest u.s. dollar.
year
aplia ch 11
3. comparing salaries from different times
consider golfers who led the professional golfersac€?c association of america (pga in winnings at different points in time. note that the winnings are nominal figures (unadjusted for inflation.
to convert the original earnings of nelson, nicklaus, and pavin, use the formula for converting dollar figures from an earlier era into today's (year 2000 u.s. dollars. using those figures, fill in the following table, making sure to round your responses to the nearest u.s. dollar.
year
golfer
nominal winnings
u.s. cpi
winnings in 2000 dollars (fill in the blanks below
year
golfer
(dollars
(1983 = 100
winnings in 2000 dollars (fill in the blanks below
1945
byron nelson
63,336
18
___________
1973
jack nicklaus
308,362
44.4
___________
1991
corey pavin
979,430
136.2
___________
2000
tiger woods
9,188,321
172.2
9,188,321
true or false: according to the previous table, the golfer with the highest pga winnings in nominal dollars is not the same as the golfer with the highest pga winnings after adjusting for inflation.
true
false

Answer 1

The correct answer for this question is this one: TRUE.

true or false: according to the previous table, the golfer with the highest pga winnings in nominal dollars is not the same as the golfer with the highest pga winnings after adjusting for inflation. 

true 
false
Hope this helps answer your question and have a nice day ahead.

Answer 2

Answer: Falsei

Explanation:

Inflation rate (Bryon Nelson)

1945 price × (current yearcpi / base year cpi)

= Current year price

1. (Bryon Nelson) 1945

$63,336 × ( 172.2/18) = $605914.4

In 2000 would be worth $605914.4.

2. 1973 jack nicklaus

$308,362 × ( 172.2/44.4) =$1195944.514.

In 2000 would be worth $1195944.514

3. 1991 corey pavin

979,430 × (172.2/136.2) = $1238310.176

In 2000 would be worth $1238310.176.

The golfer with the highest PGA winning in norminal dollar after inflation is same after adjusting the inflation tiger woods still comes top