Post Utme Mountain Top University 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ECONOMICS • objective

A country's inflation rate is given by \( pi = \frac{P_t - P_{t-1}}{P_{t-1}} \). If the country's current price index is 120 and the previous price index is 100, find the country's inflation rate.

Answer Options

Correct Answer A. 20%
B. 30%
C. 40%
D. 50%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Mountain Top University 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.

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