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Economics homework help

04/04/2020 Client: suns Deadline: 2 Day

 Comparing salaries from different times


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 Nicklaus, Miller, and Norman, use the formula for converting dollar figures from an earlier era into today's (year 2010)


U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.


Keep the Highet: 2 / 2


3. Inflation and interest rates


The following table shows the average nominal interest rates on sixmonth

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