Statement I: Since 1998 our misery index has risen sharply.
Statement II: The misery index is the sum of the unemployment and inflation rates.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Misery Index

An economic indicator created by adding the unemployment rate to the inflation rate, aiming to measure the health of an economy and the well-being of its citizens.

Unemployment

A macroeconomic condition where individuals who are capable of working and are seeking work cannot find employment.

Inflation Rates

The rate expressed in percentage at which the overall price level for goods and services increases, leading to a decline in purchasing power.