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Inflation, nominal interest rates, and real rates. Given the following information, E., estimate the nominal rate with the approximate nominal interest rate equation and the
Inflation, nominal interest rates, and real rates. Given the following information, E., estimate the nominal rate with the approximate nominal interest rate equation and the true nominal interest rate equation for each set of real and inflation rates. First, fill in the approximate nominal interest rate in the following table: (Round to two decimal places.) Approximate Real Rate Inflation Rate Nominal Rate i Data Table 4.5% 5.0% % x (Click on the following icon in order to copy its contents into a spreadsheet.) Approximate Nominal Rate ? Real Rate 4.5% 10.0% 3.0% 1.5% Inflation Rate 5.0% 12.0% 2.0% 3.0% True Nominal Rate 2 ? ? ? ? ? ? Print Done
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