Use the above table to answer these questions: In which year was the misery index (a) the highest? (b) the lowest?


(a) 1980 (20.6); (b) 1985 (10.8)

Economics

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The "Four Tigers" of East Asia are the newly industrialized countries of Taiwan, South Korea, Hong Kong, and:

a. Japan. b. Singapore. c. the Philippines. d. Vietnam.

Economics

How do new classical economists differ from Keynesian economists in their assumptions about how government borrowing affects household consumption and borrowing patterns?

Economics

The difference between a price decrease and an increase in income is that

A. An increase in income does not affect the slope of the budget line, while a decrease in price does change the slope. B. A price decrease leaves real income unchanged, while an increase in income increases real income. C. A price decrease does not affect the consumption of other goods, while an increase in income does. D. A price decrease decreases real income, while an increase in income increases real income.

Economics

Identify the factors that affect elasticity of demand

What will be an ideal response?

Economics