Consider golfers who led the PGA in winnings at different points in time. Note t

Question

Consider golfers who led the PGA in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation). 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 figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. List the four golfers in order from lowest inflation-adjusted winnings to highest. Begin by choosing the golfer with the lowest inflation-adjusted winnings from the selection list labeled "4."

Explanation / Answer

Jack=(308362/44.4)*214.5
=1489721.82
Tom=(530808/82.4)*214.5
=1381775.68
Tiger=(9188321/172.2)*214.5
=11445382.4
2009 tiger wood 10508163

4. 2009 tiger woods
3. 2000 tiger woods
2. Tom watson
1. Jack Nicklaus

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