Which of the following is the misery index supposed to measure?
A)the extent of poverty in an economy
B)the health of the economy
C)the degree of inequality
D)the standard of living

Question

Quizplus · Accepted Answer

The misery index is supposed to measure the health of the economy by combining the inflation rate and unemployment rate. It was first introduced in the 1970s by economist Arthur Okun as a way of measuring the economic pain felt by ordinary citizens.

Which of the Following Is the Misery Index Supposed to Measure