Post Utme Rsu 2023 General Studies Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Rsu General Studies examination.

Post Utme Rsu 2023 General Studies Objective / Multiple Choice
Question 18 POST_UTME_RSU • 2023 • GENERAL STUDIES • objective

A country's inflation rate is calculated as the percentage change in its price level over a given period. If the country's price level increases from ₦1,000 to ₦1,100 over a period of 1 year, what is its inflation rate?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Rsu 2023 General Studies Question 18. It is one of the objective questions from the 2023 Post Utme Rsu General Studies examination.

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