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To convert the original earnings of Casper, Nicklaus, and Kite, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Year Golfer Nominal Winnings U.S. CPI Winnings in 2016 Dollars (Dollars) (1983 = 100) 1968 Billy Casper 205,169 34.8      1973 Jack Nicklaus 308,362 44.4      1981 Tom Kite 375,699 90.9      2016 Dustin Johnson 9,365,185 240.0 9,365,185

To convert the original earnings of Casper, Nicklaus, and Kite, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Year Golfer Nominal Winnings U.S. CPI Winnings in 2016 Dollars (Dollars) (1983 = 100) 1968 Billy Casper 205,169 34.8      1973 Jack Nicklaus 308,362 44.4      1981 Tom Kite 375,699 90.9      2016 Dustin Johnson 9,365,185 240.0 9,365,185

Macroeconomics: Principles and Policy (MindTap Course List)
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
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To convert the original earnings of Casper, Nicklaus, and Kite, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.
Year
Golfer
Nominal Winnings
U.S. CPI
Winnings in 2016 Dollars
(Dollars)
(1983 = 100)
1968 Billy Casper 205,169 34.8     
1973 Jack Nicklaus 308,362 44.4     
1981 Tom Kite 375,699 90.9     
2016 Dustin Johnson 9,365,185 240.0 9,365,185
 
 
 
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