Post Utme Aaua 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A country's money supply is ₦50 billion, and its velocity of money is 2. If the country's GDP is ₦100 billion, calculate the country's inflation rate.

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Aaua 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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