One in the News Article Is Titled "The Misery Index

question 71

Multiple Choice

One In The News article is titled "The Misery Index." If the inflation rate is 5 percent and the unemployment rate is 7 percent,the misery index is

• A)35 percent.
• B)1.4 percent.
• C)12 percent.
• D)2 percent.

---

Definitions:

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.

Consumption Bundle

A combination of goods and services that a consumer chooses to consume at a given time.

Budget Constraint

The limit on the consumption patterns of an individual or household based on their income and the prices of goods and services.

Feasible

Capable of being done or achieved; possible within a set of constraints or conditions.