Post Utme Caleb University 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2017 Economics Objective / Multiple Choice
Question 15 POST_UTME_CALEB_UNIVERSITY • 2017 • ECONOMICS • objective

A country's inflation rate is 5% per annum. If the current price level is 100, what is the price level after one year?

Answer Options

A. 100
Correct Answer B. 105
C. 110
D. 115
Correct Answer
B
Correct Option:
105

About This Question

This is Post Utme Caleb University 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Caleb University Economics examination.

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