What is the poverty index?

The suffering index was proposed by Arthur Okun, which is better known for Okun's law, which concerns changes in unemployment for changes in gross national product (HNP), but only if unemployment is between 3 and 7.5%. Okun was in the Council of Economic Advisors (CEA) for President Kennedy and President Johnson and created an index in 70 years after he left CEA and went to work for the Brookings Institution. economy. Calculation is calculated by the unemployment rate for a given period with the degree of inflation during this period. The formula can be written:

unemployment rate + inflation rate = Index of suffering

Increasing the signals of the apokles of the economic climate, because increasing inflation and unemployment will stimulate economic slowing, while the decrease in the index signals the improvement of the economic climate. It is common to align the assessment with the presidential conditions. Several analysts point out that between 1950 and 2010 wasThe lowest in July 1953 at the beginning of President Eisenhower - to 2.97% - and the highest in June 1980 during the President Carter - to 21.98%.

Other analysts criticized the index for inaccurate depiction of the economy. This led to the creation of alternative indices, including the real suffering index, Ultimate Misery (UMI) and the Index of the Household.

There are other offshoots. In 2004, a sports writer, Jim Cablele, a 60-point MLB® (Major League baseball). The term is also the name of the Deathgrind band created in Marylynd in 2001, whose music is described as a combination of death metal with grindcore.