Post Utme Rsu 2019 Economics Question 29
Practice objective / multiple choice question 29 from the 2019 Post Utme Rsu Economics examination.
A country's inflation rate is given by the equation π = \( M2 - M1 \) / M1, where π is the inflation rate, M2 is the money supply, and M1 is the monetary base. If the money supply (M2) is ₦1.5 trillion and the monetary base (M1) is ₦1.0 trillion, what is the country's inflation rate?
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About This Question
This is Post Utme Rsu 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.
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