Misery Index is defined as 1 Inflation plus rate of unemployment 2 Som...........

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Misery Index is defined as:

1. Inflation plus rate of unemployment

2. Sometimes also as inflation plus rate of unemployment plus rate of interest.

Select the correct code:

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate.