In 2007, Interest Rates Were About 4

question 53

Multiple Choice

In 2007, interest rates were about 4.5% and inflation was about 2.8%. What was the real interest rate in 2007?

• A) 1.58%
• B) 1.61%
• C) 1.62%
• D) 1.65%

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Definitions:

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Least Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between observed and predicted values.

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Coefficient Of Determination

A statistical measure, often represented as R^2, indicating the proportion of the variance in the dependent variable that is predictable from the independent variables.