3. comparing salaries from different times
consider golfers who led the professional golfersa...
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
Answers: 2
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