Post Utme Oau 2024 Economics Question 18
Practice objective / multiple choice question 18 from the 2024 Post Utme Oau Economics examination.
A country's inflation rate is given by the equation I = \( P - P_0 \)/P_0 x 100, where I is inflation rate, P is current price level, and P_0 is base price level. If the current price level is 100 and the base price level is 80, what is the inflation rate?
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About This Question
This is Post Utme Oau 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.
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