Author Question: What has happened to health care's share of gross domestic product in the United States since 1965? ... (Read 101 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
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?
 
  What will be an ideal response?

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


fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

For a complete list of videos, visit our video library