Post Utme Aaua 2020 Economics Question 30
Practice objective / multiple choice question 30 from the 2020 Post Utme Aaua Economics examination.
A country's inflation rate is given by the following equation: inflation rate = \( P - P0 \) / P0 * 100, where P is the current price level and P0 is the base price level. If the current price level is ₦100 and the base price level is ₦80, what is the inflation rate?
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About This Question
This is Post Utme Aaua 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.
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