The U.S. government measures the sum of the unemployment rate and the inflation percentage in order to establish __________.

Question

Quizplus · Accepted Answer

The sum of the unemployment rate and the inflation percentage is known as the misery index. It was first created during the 1970s when the U.S. economy was in a recession and both unemployment and inflation rates were high. It is used to measure the overall economic conditions of a country and the level of hardship faced by its citizens.

The US Government Measures the Sum of the Unemployment Rate and and the Inflation