The misery index is constructed by
A)adding the inflation rate and the unemployment rate
B)multiplying the inflation rate with the unemployment rate
C)dividing the inflation rate by the unemployment rate
D)adding the sacrifice ratio and the replacement rate
E)combining the sacrifice ratio with Okun's law

Question

Quizplus · Accepted Answer

The misery index is calculated by adding the inflation rate and the unemployment rate. It is a simple way to measure the overall economic performance and the level of distress in society. A higher index indicates a higher level of economic hardship.

The Misery Index Is Constructed by