Post Utme Crawford University 2018 Economics Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 40 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A country's inflation rate is given by the equation π = \( P - P* \) / P*, where P is the current price level, and P* is the base price level. If the current price level is ₦100, and the base price level is ₦90, what is the inflation rate?

Answer Options

A. 0.11
B. 0.12
Correct Answer C. 0.13
D. 0.14
Correct Answer
C
Correct Option:
0.13

About This Question

This is Post Utme Crawford University 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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