Updated on June 30, 2024Table of Contents
The misery index is a measure of human misery. It is calculated by adding the unemployment rate and the inflation rate, then subtracting the literacy rate. The higher the misery index, the greater the human misery.
$$MI = 100 – (100 – UR) – (100 – IR) + LL$$
What is the misery index?
The misery index is an economic indicator that measures the level of economic distress in a country. It is calculated by adding the unemployment rate and the inflation rate. A higher index suggests more economic discomfort for the population.
What does the misery index indicate?
The misery index indicates the overall economic well-being of a population. It combines the effects of high unemployment and rising inflation, both of which can lower the standard of living and create economic challenges for citizens.
What is the current misery index?
The current misery index varies by country and changes regularly based on the latest unemployment and inflation figures. For up-to-date data, one would need to check the most recent economic reports from relevant government or financial sources.
How does the misery index work?
The misery index works by combining two important economic indicators—unemployment and inflation—that have a direct impact on the population’s quality of life. A rising index suggests worsening economic conditions, while a lower index indicates improving conditions.
What is the misery index of India?
The misery index of India fluctuates over time as unemployment and inflation rates change. To get the latest index, refer to India’s most recent economic statistics from government reports or financial institutions.
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