3. Adjusting for inflation 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 Casper, Miller, and Stadler 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. Golfer Year 1968 Billy Casper 1974 Johnny Miller 1982 Craig Stadler 2009 Tiger Woods Nominal Winnings U.S. Dollars ($) U.S. CPI (1983 = 100) Winnings in 2009 U.S. Dollars ($) 34.8 49.3 96.5 214.5 205,169 353,022 446,462 10,508, 163 10,508,163

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