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Author Question: What has happened to health care's share of gross domestic product in the United States since 1965? ... (Read 89 times)

rmenurse

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on: Jun 29, 2018
What has happened to health care's share of gross domestic product in the United States since 1965? How does this compare to what has happened to out-of-pocket spending on health care as a percentage of all spending on health care?
 
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Question 2

Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will the market price be?
 
  A) > 24 B) 24 C) 30 D) 54
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fauacakatahaias

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Health care's share of gross domestic product in the United States has increased from less than 6 percent in 1965 to nearly 18 percent in 2015, and is projected to continue rising in future years. Out-of-pocket spending on health care as a percentage of all spending on health care has steadily declined, falling from 48 percent in 1960 to 12 percent today.

Answer to Question 2

B


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