Consider the following national data: tax revenues as a percentage of GDP: 25 percent; government spending as a percentage of GDP: 31 percent; unemployment rate: 9 percent; inflation rate: 6 percent.What is the misery index for this nation?
A)15 percent
B)31 percent
C)34 percent
D)53 percent

Question

Quizplus · Accepted Answer

The misery index is calculated by adding the unemployment rate and the inflation rate. Here, it is 9% (unemployment) + 6% (inflation) = 15%.

Consider the Following National Data: Tax Revenues as a Percentage