The Costaguanan stock market provided a rate of return of 99%. The inflation rate in Costaguana during the year was 84%. In the United States, in contrast, the stock market return was only 16%, but the inflation rate was only 2%. Calculate the real rate of return for both the Costaguana and the United States stock markets. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) (Show work)
Real rate of return
Costaguana ____%
United States ____%