I was about to post a comment that this was a topic not even covered in my o-chem class (and I can say that confidently, as a top-5 student all year long in classes of ~300 people)...
...but then I looked it up on wikipedia, and this is also known as "Index of Hydrogen Deficiency." That's how we learned it.
So anyone else who's confused by this "degree of unsaturation" stuff, maybe you also learned it by a different name.
It would be most unfortunate if you were asked a question on your actual MCAT that used unfamiliar terms to describe a concept that really had learned, but with a different name!!