Post Utme Ims U 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

Consider a country with a money supply of ₦500 billion and a velocity of circulation of 2. If the country's GDP is ₦10 trillion, calculate the country's inflation rate.

Answer Options

A. 2%
Correct Answer B. 4%
C. 6%
D. 8%
Correct Answer
B
Correct Option:
4%

About This Question

This is Post Utme Ims U 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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