Post Utme Uniben 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2021 • ECONOMICS • objective

A country's inflation rate is 5% per annum. If the price of a commodity is ₦1000 today, what will be the price of the commodity after 2 years?

Answer Options

A. ₦1100
B. ₦1200
Correct Answer C. ₦1300
D. ₦1400
Correct Answer
C
Correct Option:
₦1300

About This Question

This is Post Utme Uniben 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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