Please give me proper calculation and full explanation otherwose i give multiple downvoteNote:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Consider golfers who led the PGA in winnings in different years. Note that the winnings are in the dollars earned in a particular year. The formula forconverting dollars from one year to another is as follows:Adjusted EarningsYear1965Complete the following table by converting the original U.S. dollar earnings of Nicklaus, Trevino, and Norman to 2009 U.S. dollars. (Hint: Round yourcalculations up to the nearest U.S. dollar.)GolferJack NicklausLee Trevino1986 Greg Norman2009Tiger Woods1970=Original Earnings xCurrent Year IndezOriginal Year IndezNominal Winnings U.S. Dollars ($) U.S. CPI (1983 = 100)31.5140,752157,037653,29610,508,16338.8109.6214.5Winnings in 2009 U.S. Dollars ($)10,508,163

Adjusted earnings refer to the income or earnings of a person or entity that have been changed or…

Answered: Consider golfers who led the PGA in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Please give me proper calculation and full explanation otherwose i give multiple downvote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

Consider golfers who led the PGA in winnings in different years. Note that the winnings are in the dollars earned in a particular year. The formula for
converting dollars from one year to another is as follows:
Adjusted Earnings
Year
1965
Complete the following table by converting the original U.S. dollar earnings of Nicklaus, Trevino, and Norman to 2009 U.S. dollars. (Hint: Round your
calculations up to the nearest U.S. dollar.)
Golfer
Jack Nicklaus
Lee Trevino
1986 Greg Norman
2009
Tiger Woods
1970
=
Original Earnings x
Current Year Indez
Original Year Indez
Nominal Winnings U.S. Dollars ($) U.S. CPI (1983 = 100)
31.5
140,752
157,037
653,296
10,508,163
38.8
109.6
214.5
Winnings in 2009 U.S. Dollars ($)
10,508,163

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