The Dow Jones stock index (United States) and Dax (Germany) stock index are similar stock indices. The data for both indices are listed below. In addition, the consumer price index for both the United States and Germany are also included. What is the real return in the U.S.? What is the real return in Germany? What country had the better real return? You must support your answer.

Country	Stock Index 1/1/2016	Stock Index 12/31/2016	Consumer Price Index 1/1/2016	Consumer Price Index 1/1/2016
U.S.	17,425.03	19,762.59	235.525	241.432
Germany	10,743.01	11,481.06	107.00	108.80