Post Utme Nile University 2025 Economics Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice
Question 34 POST_UTME_NILE_UNIVERSITY • 2025 • ECONOMICS • objective

A country's inflation rate is given by the equation π = \( P - P* \) / P*, where π is the inflation rate, P is the current price level, and P* is the base price level. If the current price level is ₦100, and the base price level is ₦90, what is the inflation rate?

Answer Options

Correct Answer A. 10%
B. 20%
C. 30%
D. 40%
Correct Answer
A
Correct Option:
10%

About This Question

This is Post Utme Nile University 2025 Economics Question 34. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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