misery index

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A measure of a country’s unhappiness, from economist Arthur Okun’s summation of unemployment rates and inflation rates, which assumes that higher unemployment and worsening inflation create socioeconomic costs that translate into misery

misery index

Global village A term for 'how bad things are' in a country; the lower the MI–eg, Denmark = MI of 1, the more content the populace. See Third world.
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