Question

True or false: according to the previous table, the golfer with the highest pga winnings in nominal dollars is not the same as the golfer with the highest pga winnings after adjusting for inflation.

a. True
b. False

Answer 1

The answer is True. Nominal dollars refer to the face value of money, while real value accounts for inflation. Different golfers could hold records in nominal and real value terms.

Step-by-step explanation:

The question appears to be about comparing PGA winnings in nominal dollars versus dollars adjusted for inflation (real dollars). This involves understanding the concepts of nominal value, which is the face value of money and doesn't account for changes in purchasing power over time, and real value, which adjusts for inflation and reflects the actual purchasing power. When comparing the highest PGA winnings in these two categories, the two golfers may not be the same because past earnings adjusted for inflation may surpass recent earnings in nominal dollars.

Based on the reference information provided, the correct answer would be True, agreeing with statement 'a' which claims that in nominal dollars the golfer with the highest winnings is true but as a share of GDP, this is false. Therefore, it implies that after adjusting for inflation, a different golfer might hold the record for highest PGA winnings.

Answer 2

The answer is this question is basically b. false because the golfer with the highest PGA winnings in nominal dollars is the same as the golfer with the highest PGA winning after the adjustment for inflation. They are the same, so the answer is False.