Post Utme Rsu 2022 Economics Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice
Question 15 POST_UTME_RSU • 2022 • ECONOMICS • objective

A country's inflation rate can be calculated u\sing the following formula: inflation rate = \( CPI - CPI_last_year \) / CPI_last_year. If the current CPI is 120 and the CPI last year was 100, what is the inflation rate?

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Rsu 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

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