Post Utme Mountain Top University 2022 Economics Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 5 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

The formula for calculating the inflation rate is

Answer Options

Correct Answer A. \( CPI_t - CPI_\( t-1 \ \)) / CPI_\( t-1 \)
B. \( CPI_t - CPI_\( t-1 \ \)) / CPI_t
C. \( CPI_t + CPI_\( t-1 \ \)) / 2
D. CPI_t - CPI_\( t-1 \)
Correct Answer
A
Correct Option:
\( CPI_t - CPI_\( t-1 \ \)) / CPI_\( t-1 \)

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

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