Post Utme Uniport 2023 Commerce Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Uniport Commerce examination.

Post Utme Uniport 2023 Commerce Objective / Multiple Choice
Question 10 POST_UTME_UNIPORT • 2023 • COMMERCE • objective

A country's inflation rate is given by the following equation: Inflation = (P1 - P0) / P0, where P1 is the current price level and P0 is the previous price level. If the current price level is 120 and the previous price level was 100, what is the inflation rate?

Answer Options

Correct Answer A. 20%
B. 30%
C. 40%
D. 50%
Correct Answer
A
Correct Option:
20%

About This Question

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

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