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
In which year was the real interest the highest and the lowest?
In which year was the real interest rate the highest?
In which year was the real interest rate the lowest?
Nominal
Inflation
interest rate
rate
Real interest rate
Year
(percent per year)
2016
0.03
-01
2017
0.15
05
2018
0.01
10