Post Utme Crawford University 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 35 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

A country's inflation rate is given by the following equation: Inflation = \( M2 - M1 \) / M1. If the country's M2 is ₦100 billion and M1 is ₦80 billion, what is the inflation rate?

Answer Options

A. 12.5%
Correct Answer B. 15%
C. 17.5%
D. 20%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Crawford University 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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