Post Utme Joseph Ayo Babalola University 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A country's inflation rate is 5% per annum. What is the effect on the purcha\sing power of a consumer?

Answer Options

A. The purcha\sing power increases
Correct Answer B. The purcha\sing power decreases
C. The purcha\sing power remains unchanged
D. The purcha\sing power fluctuates
Correct Answer
B
Correct Option:
The purcha\sing power decreases

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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