Post Utme Lasu 2019 Economics Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Lasu Economics examination.

Post Utme Lasu 2019 Economics Objective / Multiple Choice
Question 7 POST_UTME_LASU • 2019 • ECONOMICS • objective

A country's inflation rate is 5% per annum, and its nominal interest rate is 6% per annum. If the real interest rate is 2% per annum, what is the expected rate of inflation?

Answer Options

Correct Answer A. 4%
B. 5%
C. 6%
D. 7%
Correct Answer
A
Correct Option:
4%

About This Question

This is Post Utme Lasu 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Lasu Economics examination.

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