Post Utme Lasu 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_LASU • 2021 • ECONOMICS • objective

A country's inflation rate is given by the following equation:

Answer Options

Correct Answer A. The country's inflation rate is equal to the percentage change in the price level.
B. The country's inflation rate is equal to the percentage change in the price level minus the percentage change in the quantity of goods and services.
C. The country's inflation rate is equal to the percentage change in the quantity of goods and services minus the percentage change in the price level.
D. The country's inflation rate is equal to the percentage change in the price level plus the percentage change in the quantity of goods and services.
Correct Answer
A
Correct Option:
The country's inflation rate is equal to the percentage change in the price level.

About This Question

This is Post Utme Lasu 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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