The table shows the nominal interest rate and inflation rate in Japan for three years. Calculate the real interest rate for each year and complete the table. >>> Answer to 2 decimal places. Screenshot attached below

The table shows the nominal interest rate and inflation rate in Japan for three years. Calculate the real interest rate for each year and complete the table. >>> Answer to 2 decimal places. Screenshot attached below

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: Measuring The Cost Of Living

Section: Chapter Questions

Problem 6CQQ

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Question

The table shows the nominal interest rate and inflation rate in Japan for three years. Calculate the real interest rate for each year and complete the table.

>>>

Answer to 2 decimal places.

Screenshot attached below

The table shows the nominal interest rate and inflation rate in Japan for three
years. Calculate the real interest rate for each year and complete the table.
Year
2016
2017
2018
Inflation
Nominal interest rate rate Real interest rate
(percent per year)
0.03
0.15
0.01
>>> Answer to 2 decimal places.
-0.1
0.5
1.0
Type
Type
Type

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