Post Utme Lautech 2017 Economics Question 35
Practice objective / multiple choice question 35 from the 2017 Post Utme Lautech Economics examination.
A country's inflation rate is given by the equation I = 2M/P, where I is the inflation rate, M is the money supply and P is the price level. If the country's money supply and price level are 1000 and 500 respectively, find the inflation rate.
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About This Question
This is Post Utme Lautech 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.
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