Post Utme Elizade University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective

A country's inflation rate is given by the following equation: inflation rate = \( CPI - 100 \) / 100. If the current CPI is 120, what is the inflation rate?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Elizade University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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