Home /
Expert Answers /
Economics /
refer-to-the-hypothetical-data-in-the-table-to-answer-the-three-questions-what-was-the-real-intere-pa170
(Solved): Refer to the hypothetical data in the table to answer the three questions. What was the real intere ...
Refer to the hypothetical data in the table to answer the three questions. What was the real interest rate in 2017? Year Nominal interest rate Real interest rate Inflation rate 2017 3% 5% 2018 9% 3% 2019 7% 1% % What was the inflation rate in 2018? % What was the nominal interest rate in 20197
Expert Answer
Answer 1) What is the real intrest in 2017? real intrest rate = nominal rate - inflation rate =3% - 5% = -2% 2.) Wha