Post Utme Crawford University 2025 Economics Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2025 Economics Objective / Multiple Choice

Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • 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 120 and the base price level is 100, what is the inflation rate?

Answer Options

A. 0.2

Correct Answer B. 0.3

C. 0.4

D. 0.5

Correct Answer

Correct Option:

0.3

About This Question

This is Post Utme Crawford University 2025 Economics Question 34. It is one of the objective questions from the 2025 Post Utme Crawford University Economics examination.

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Post Utme Crawford University 2025 Economics Question 34

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 120 and the base price level is 100, what is the inflation rate?

Answer Options

About This Question

Master the Exam!

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 120 and the base price level is 100, what is the inflation rate?