Table 24-16

The following table shows the value of the Consumer Price Index and the nominal interest rate for 2013-2015.

-Refer to Table 24-16. What was the real interest rate in 2015?
A)1.8%
B)2.0%
C)2.2%
D)2.4%

Question

​Table 24-16
​
The following table shows the value of the Consumer Price Index and the nominal interest rate for 2013-2015.
​  ​
-Refer to Table 24-16. What was the real interest rate in 2015?​
A)1.8% 
B)​2.0% 
C)​2.2% 
D)​2.4%

Quizplus · Accepted Answer

The real interest rate is calculated by subtracting the inflation rate from the nominal interest rate. The correct choice is based on the data provided in Table 24-16, which indicates that the real interest rate in 2015 was 2.0%.

​Table 24-16 ​

Table 24-16