Post Utme Unilag 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

A country's inflation rate is given by the equation \frac{\Delta P}{P} = 0.05, where \Delta P is the change in price and P is the current price. If the current price is 100, what is the new price after one year?

Answer Options

A. 105
Correct Answer B. 110
C. 115
D. 120
Correct Answer
B
Correct Option:
110

About This Question

This is Post Utme Unilag 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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