Which of the following conclusions can be drawn from the Misery Index given above?
1. Britain is the most miserable country to live in.
2. The inflation rate in Spain is less than in Belgium List-Ban and Britain.
3. Italy and France seem to have almost identical un- employment rate.
4. The higher the Misery Index, the higher the inflation rate.
Select the correct answer using the codes given below:
Codes:
Correct Answer: (b) 2 and 3
Note: On the basis of the Misery Index given in the figure, Spain is the most miserable country to live in. Hence, statement 1 is incorrect. Statement 2 is correct as the inflation rate in Spain is less than in Belgium and Britain. Statement 3 is also seems to be correct by the figure. Statement 4 is incorrect through the example of Spain. Hence, option (b) is the correct answer.