Why Naples Scores Highest on the Misery Index

The video tutorial explores the Misery Index, a measure of economic well-being combining unemployment and inflation rates. It ranks countries, highlighting Venezuela and Greece's high scores. Naples, though not a country, is discussed for its economic struggles. The video also covers the EU's improving index and Thailand's low score. The Misery Index's history, developed by Arthur Okun, is explained, along with its cultural reference as a band name.

What two economic factors are combined to calculate the Misery Index?

• GDP growth and inflation rate

• Interest rate and unemployment rate

• Consumer spending and inflation rate

• Unemployment rate and inflation rate

Which country is mentioned as having the highest Misery Index?

• Venezuela

• Greece

• Egypt

• Spain

If Naples were considered a country, where would it rank on the Misery Index compared to Greece?

• Not on the list

• Equal to Greece

• Higher than Greece

• Lower than Greece

Which country is noted for having the lowest Misery Index due to low inflation and unemployment?

• Thailand

• United States

• Spain

• United Kingdom

Who developed the Misery Index and when did they serve as the chairman of the Council of Economic Advisors?

• John Maynard Keynes, 1940-1945

• Arthur Okun, 1968-1969

• Milton Friedman, 1970-1975

• Paul Samuelson, 1960-1965