Post Utme Igbinedion University 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A country's inflation rate is given by \( pi = \frac{P - P_0}{P_0} \times 100 \). If the current price index is 120 and the base price index is 100, find the country's inflation rate.

Answer Options

Correct Answer A. 20%
B. 30%
C. 40%
D. 50%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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