Question: Need help with interest rate Refer to the hypothetical data in the table to answer the three questions. Year Nominal interest Real interest Inflation rate

Need help with interest rate

Refer to the hypothetical data in the table to answer the three questions. Year Nominal interest Real interest Inflation rate rate rate What was the real interest rate in 2017? 2017 7% 5% 2018 3% 5% 2019 7% 1% % What was the inflation rate in 2018? What was the nominal interest rate in 2019? %

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