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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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
Transcribed Image Text: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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