You observe that the inflation rate in the United States is $1\mathrm{.}0$ percent per year and that T$-$

bills currently yield $1\mathrm{.}5$ percent annually. Use the approximate international Fisher effect

to answer the following questions.

a$.$ What do you estimate the inflation rate to be in Australia, if short$-$term Australian

government securities yield $5$ percent per year? $($Enter your answer as a percent

rounded to $1$ decimal place, e$.$g$.,32\mathrm{.}1.)$

b$.$ What do you estimate the inflation rate to be in Canada, if short$-$term Canadian

government securities yield $8$ percent per year? $($Enter your answer as a percent

rounded to $1$ decimal place, e$.$g$.,32\mathrm{.}1.)$

c$.$ What do you estimate the inflation rate to be in Taiwan, if short$-$term Taiwanese

government securities yield $10$ percent per year? $($Enter your answer as a percent

rounded to $1$ decimal place, e$.$g$.,32\mathrm{.}1.)$