Describe the major spending categories and percentage for health care spending
What will be an ideal response?
Hospitals account for 32% of health care spending and physicians’ payments account for 20%. There is 21% of spending for dental care, vision care, and miscellaneous categories. Nursing homes account for 10% of health care spending. Prescription drugs are 10% of health care spending. Finally, there is 7% of spending that goes for program administration.
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The real exchange rate between two currencies tells us:
a) changes in the exchange rate over time b) how many units of one currency can be purchased with one unit of the home currency C) how much in terms of goods and services the home currency will buy in the foreign nation compared to the home nation
The sum of currency and reserves of depository institutions is the ________
A) reserves of the Fed B) assets of the Fed C) monetary base D) vault cash