Gce Model Questions Vol1 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2020 Economics Objective / Multiple Choice Easy Difficulty
Question 12 GCE_MODEL_QUESTIONS_VOL1 • 2020 • ECONOMICS • objective

The Consumer Price Index (CPI) was 120 last year and is 132 this year. What is the annual inflation rate expressed as a percentage?

Answer Options

A. 15%
Correct Answer B. 10%
C. 8%
D. 12%
Correct Answer
B
Correct Option:
10%

About This Question

This is Gce Model Questions Vol1 2020 Economics Question 12. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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