Post Utme Christopher University 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

The inflation rate (I) in an economy is given by the equation I = 2 + 0.01Y, where Y is the income. If the income is ₦500 billion, find the inflation rate.

Answer Options

A. 2.5%
Correct Answer B. 3.0%
C. 3.5%
D. 4.0%
Correct Answer
B
Correct Option:
3.0%

About This Question

This is Post Utme Christopher University 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

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