EconomicsMoney and inflationWAEC
A price index rises from 120 to 150. Find the rate of inflation.
Show answer
Answer: C. 25%
(150 − 120)/120 × 100 = 25%.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.
Economics · Money and inflation
Discussion
Ask about a step, share a shortcut, or explain it your way. Be kind; no links.
No comments yet. Be the first to explain it.
More Money and inflation questions
- When prices of most goods keep rising over a long period, people on fixed incomes
- Which function of money allows the worth of a goat and a bag of rice to be compared?
- The value of money is
- A ₦1,000 note can be changed into smaller notes for small purchases. This quality of money is
- During inflation, the people who usually gain are