Post Utme Rsu 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country's inflation rate is given by the following equation: 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

Correct Answer A. 20%
B. 25%
C. 30%
D. 35%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Rsu 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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