Post Utme Igbinedion University 2022 Economics Question 29
Practice objective / multiple choice question 29 from the 2022 Post Utme Igbinedion University Economics examination.
A country's inflation rate is given by the equation π = \( M2/P \) - 1, where π is the inflation rate, M2 is the money supply, and P is the price level. If the money supply is $100 billion and the price level is $50, what is the inflation rate?
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This is Post Utme Igbinedion University 2022 Economics Question 29. It is one of the objective questions from the 2022 Post Utme Igbinedion University Economics examination.
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