Waec Model Questions Vol1 2023 Economics Question 50
Practice objective / multiple choice question 50 from the 2023 Waec Model Questions Vol1 Economics examination.
The consumer price index (CPI) was 215 at the end of 2022 and 227 at the end of 2023. A 2‑year government bond issued at the start of 2023 carries a nominal interest rate of 12 % per annum, payable annually. Assuming inflation continues at the same rate observed in 2023, calculate: (a) the inflation rate for 2023; (b) the expected real interest rate using the exact Fisher formula; (c) the real value of a ₦1,000 face‑value bond at the end of 2024 (after two years), expressed in 2022 price terms.
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About This Question
This is Waec Model Questions Vol1 2023 Economics Question 50. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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