Post Utme Uniben 2018 Economics Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Uniben Economics examination.
A country's inflation rate is given by the equation I = \( P - P0 \)/P0 x 100, where I is the inflation rate, P is the current price level and P0 is the base price level. If the current price level is ₦100 and the base price level is ₦80, find the inflation rate.
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About This Question
This is Post Utme Uniben 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Uniben Economics examination.
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