at 2 PM EST Consider golfers who led the Professional Golfers\' Association of A
ID: 1112007 • Letter: A
Question
at 2 PM EST Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are To convert the original earnings of Nelson, Niklaus, and Pavin, use the formula for converting dollar figures from an dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U earlier era into year 2000 U.S your responses to the nearest U.S. dollar Nominal Winnings U.S. CP (1983 100 Winnings in 2000 Dollars 1945 Byron Nelson 1973 Jack Nicklaus 1991 Corey Pavin (Dollars) 63,336 308,362 979,430 9,188,321 18 44.4 136.2 172.2 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 O False Grade It NowExplanation / Answer
Answer
Salary in 2000 dallar=(salary in n th year/CPI of n th year)* CPI of 2000
Byron salary in 2000 dollars=(63336/36)*172.2
=302957
Jack salary in 2000 dollars=(308362/44.4)*172.2
=1195945
Corey salary in 2000 dollars=(979430/136.2)*172.2
=1238310
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False
The amount in 2000 is higher in nominal and real dollars
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