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Consider golfers who led the PGA in winnings at different points in time. Note that the winnings are nominal gures (unadjusted for ination). Use the
Consider golfers who led the PGA in winnings at different points in time. Note that the winnings are nominal gures (unadjusted for ination). Use the formula for converting nominal values into real values to convert the original U.S. dollar earnings of Nicklaus, Watson, and Woods ('00) to 2009 U.S. dollars. Using those gures, ll in the following table, making sure to round your responses to the nearest U.S. dollar. Year Golfer Nominal Winnings ".5. Dollars ($) ".5. CF] (1983 = 100) Winnings in 2009 ".5. Dollars ($) 19?3 Jack Nicklaus 308,362 44.4 v 1980 Tom Watson 530,808 82.4 V 2000 Tiger Woods 9,188,321 1?2.2 V 2009 Tiger Woods 10,508,163 214.5 10,508,163 IJst the four golfers in order from lowest ination-adjusted winnings to highest. Begin by choosing the golfer with the lowest ination-adjusted winnings from the selection list labeled ".'4
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