Table 24-5
​
the Following Table Shows the Value of the Consumer

Multiple Choice

Table 24-5
​
The following table shows the value of the consumer price index and the nominal interest rate for three consecutive years.
​
​
$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { CPI } & \begin{array} { c } \text { Nominal Interest Rate } \\\text { (Percent) }\end{array} \\\hline 1 & 233.0 & 2.4 \\\hline 2 & 236.7 & 2.5 \\\hline 3 & 237.0 & 2.1 \\\hline\end{array}$$
-Refer to Table 24-5. What was the real interest rate in Year 3?

A) 1.8%
B) 2.0%
C) 2.2%
D) 2.4%