Post Utme Futa 2022 Economics Question 10
Practice objective / multiple choice question 10 from the 2022 Post Utme Futa Economics examination.
A country's inflation rate is given by the following equation: inflation rate = \( CPI_t - CPI_\( t-1 \ \))/CPI_\( t-1 \) * 100, where CPI_t is the current CPI and CPI_\( t-1 \) is the previous CPI. If the current CPI is 120 and the previous CPI is 100, what is the inflation rate?
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About This Question
This is Post Utme Futa 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.
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