You observe that the inflation rate in the United States is 1.1 percent per year and that T-bills currently yield 1.6 percent annually.

a.	What do you estimate the inflation rate to be in Australia, if short-term Australian government securities yield 6 percent per year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place (e.g., 32.1).)

Inflation rate

%

b.	What do you estimate the inflation rate to be in Canada, if short-term Canadian government securities yield 9 percent per year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place (e.g., 32.1).)

Inflation rate

%

c.	What do you estimate the inflation rate to be in Taiwan, if short-term Taiwanese government securities yield 11 percent per year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place (e.g., 32.1).)

Inflation rate

%