To convert the original earnings of Casper, Watson, and Kite, use the formula for converting dollar figures from an earlier era into year 2021 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings (Dollars) 205,169 530,808 375,699 7,705,933 Year Golfer 1968 Billy Casper 1900 Tom Watson 1981 Tom Kite 2021 John Rahm True U.S. CPI (1983= 100) O False 34.8 82.4 90.9 264.7 Winnings in 2021 Dollars 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. 7,705,933

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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To convert the original earnings of Casper, Watson, and Kite, use the formula for converting dollar figures from an earlier era into year 2021 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar, Nominal Winnings Year 1968 Billy Casper 1980 Tom Watson 1981 Tom Kite 2021 John Rahm Golfer True (Dollars) 205,169 530,808 375,699 7,705,933 False U.S. CPI (1983= 100) 34.8 82.4 90.9 264.7 Winnings in 2021 Dollars 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. 7,705,933 27

To convert the original earnings of Casper, Watson, and Kite, use the formula for converting dollar figures from an earlier era into year 2021 U.S.
dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.
Nominal Winnings
(Dollars)
205,169
530,008
375,699
7,705,933
Year
Golfer
1968 Billy Casper
1980 Tom Watson
1981
Tom Kite
2021 John Rahm
U.S. CPI
(1983= 100) Winnings in 2021 Dollars
O True
O False
34.8
82.4
90.9
264.7
7,705,933
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.
Transcribed Image Text:To convert the original earnings of Casper, Watson, and Kite, use the formula for converting dollar figures from an earlier era into year 2021 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings (Dollars) 205,169 530,008 375,699 7,705,933 Year Golfer 1968 Billy Casper 1980 Tom Watson 1981 Tom Kite 2021 John Rahm U.S. CPI (1983= 100) Winnings in 2021 Dollars O True O False 34.8 82.4 90.9 264.7 7,705,933 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.
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