Consider golfers who led the Professional Golfers’ Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation).
Year Golfer Nominal Winnings U. S. CPI Winnings in 2018 Dollar
1965 Jack Nicklaus 140,752 31. 5
1974 Johnny Miller 353,022 49. 3
1986 Greg Norman 653,296 109. 6
2018 Tiger Woods 5,443,841 251. 1 5,443,841
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.
a. True
b. False
