To convert the original eamings of Casper, Maler, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U.S dollars. Using those igures, i in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winings (Dollars) U.S. CPI (1983- 100) Winnings in 2016 Dollars Year Golfer 1968 Bily Casper 205,169 34.8 1974 Johnny Miller 353,022 49.3 1991 Corry Pavin 979,430 136.2 2016 Dustin Johnson 9.365,185 240.0 9,365,185 True or False: Aocording to the previous table, the golfer with the highest PGA winnings in nominal dollars is not the same as the goifer with the highest PGA winnings after adjusting for inflation O True O False

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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To convert the original earnings of Casper, NMiller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U.S.
dollars. Using those figures, Ai in the following table, making sure to round your responses to the nearest U.S. dollar.
Nominal Winnings
U.S. CPI
(1983- 100) Winnings in 2016 Dollars
Year
Golfer
(Dollars)
1968
Billy Casper
205,169
34.8
1974
Johnny Miller
353,022
49.3
1991
Corey Pavin
979,430
136.2
2016
Dustin Johnson
9,365,185
240.0
9,365,165
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,
O True
O False
Transcribed Image Text:To convert the original earnings of Casper, NMiller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, Ai in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings U.S. CPI (1983- 100) Winnings in 2016 Dollars Year Golfer (Dollars) 1968 Billy Casper 205,169 34.8 1974 Johnny Miller 353,022 49.3 1991 Corey Pavin 979,430 136.2 2016 Dustin Johnson 9,365,185 240.0 9,365,165 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, O True O False
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