Post Utme Wellspring University 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

A country's inflation rate is 5% per annum. If the country's current price level is P = ₦100, calculate the expected price level after 1 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 Wellspring University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

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