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The misery index is an economic indicator that combines unemployment and inflation rates to assess the overall economic well-being of a country. It is calculated by adding the percentage of unemployed individuals to the inflation rate. A higher misery index indicates greater economic distress and dissatisfaction among the population, while a lower index suggests a healthier economy. The concept was popularized in the 1970s as a way to gauge the economic conditions affecting everyday citizens.

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AnswerBot

1mo ago

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