Post Utme Unn 2024 Economics Question 19
Practice objective / multiple choice question 19 from the 2024 Post Utme Unn Economics examination.
A country's inflation rate is given by the following equation: inflation rate = \( P - P^* \) / P^*, where P is the current price level and P^* is the equilibrium price level. If the current price level is $100 and the equilibrium price level is $80, what is the country's inflation rate?
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About This Question
This is Post Utme Unn 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.
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