Consider golfers who led the Professional Golfers\' Association of America (PGA)

Question

Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation) To convert the original earnings of Palmer, Trevino, and Kite, use the formula for converting dollar figures from an earlier era into year 2009 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 U.S. CPI (Dollars) 81,448 157,037 375,699 10,508,163 Golfer (1983100) Winnings in 2009 Dollars Year 1962 Arnold Palmer 1970 Lee Trevino 1981Tom Kite 2009 Tiger Woods 30.2 38.8 90.9 214.5 10,508,163 True or False: According to the previous table, the golfer with the highest PGA winnings in nominal dollars is the same as the golfer with the highest PGA winnings after adjusting for inflation True False

Explanation / Answer

Yes that is true according to the previous table the golfer with the highest PGA winnings in nominal dollars is Tiger woods in 2009 with 10508163 and after adjusting for inflation we see that again Tiger woods got 10508163 and hence they are same

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