Post Utme Mountain Top University 2023 Economics Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 36 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

A country's inflation rate is calculated as the percentage change in the price level over a given period. If the country's price level increases from ₦100 to ₦120 over a period of 12 months, what is the inflation rate?

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Mountain Top University 2023 Economics Question 36. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.

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