The misery index Which some commentators suggest measures the health of the economy, is ?
Correct answer: D. The sum of the unemployment rate and the inflation rate
- A. The sum of the growth rate of output and the inflation rate
- B. The sum of the natural rate of unemployment and the actual rate of unemployment
- C. The sum of the inflation rate and the central bank's refinancing rate
- D. The sum of the unemployment rate and the inflation rate
Explanation
The misery index is a simple indicator formed by adding the unemployment rate to the inflation rate. Higher values suggest greater economic hardship for households.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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