Question
Refer to the hypothetical data in the table to answer the three questions. Year Nominal interest...
Refer to the hypothetical data in the table to answer the three questions.
| Year | Nominal interest rate | Real interest rate | Inflation rate |
|---|---|---|---|
| 2017 | 5% | — | 9% |
| 2018 | 3% | 9% | — |
| 2019 | — | 1% |
1) What was the real interest rate in 2017?
2) What was the inflation rate in 2018?
3) What was the nominal interest rate in 2019?
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