Post Utme Redeemers University 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 40 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's inflation rate is given by the following equation: inflation rate = \( CPI - 100 \) / 100, where CPI is the consumer price index. If the current CPI is 120, what is the 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 Redeemers University 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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