Post Utme Igbinedion University 2024 Economics Question 10
Practice objective / multiple choice question 10 from the 2024 Post Utme Igbinedion University Economics examination.
A country's inflation rate is given by the equation IR = \( P - P0 \)/P0, where P is the current price level and P0 is the base price level. If the current price level is ₦1,500 and the base price level is ₦1,000, what is the inflation rate?
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This is Post Utme Igbinedion University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.
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