Post Utme Aaua 2022 Economics Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice

Question 5 POST_UTME_AAUA • 2022 • ECONOMICS • objective

A country's inflation rate is 10% per annum. What is the effect on the purcha\sing power of a consumer who has ₦1000 in their pocket?

A. The purcha\sing power of the consumer increases by 10%.

Correct Answer B. The purcha\sing power of the consumer decreases by 10%.

C. The purcha\sing power of the consumer remains unchanged.

D. The purcha\sing power of the consumer fluctuates.

Correct Answer

Correct Option:

The purcha\sing power of the consumer decreases by 10%.

This is Post Utme Aaua 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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