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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 29P: The prime interest rate is the rate that banks charge their best customers. Based on the nominal...

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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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