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

Illustrate how we may convert actual dollars into constant dollars of the base year or vice versa?

The inflation rate between the years 2000 and 2001 was 4.31%. Based on this information, a basket of goods that cost $172 in the year 2000 would now cost how muc in the year 2001? Enter a number rounded to two decimal places. * Previous Next Et e n ASUS