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?
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 2017, 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 10 percent today.
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Three-wheel cars made in North Edsel are sold for 5000 pounds. Four-wheel cars made in South Edsel are sold for 10,000 marks. The nominal exchange rate between the two countries is three marks per pound
The real exchange rate between the two countries is A) 0.50 three-wheel cars per four-wheel car. B) 0.66 three-wheel cars per four-wheel car. C) 1.50 three-wheel cars per four-wheel car. D) 2.00 three-wheel cars per four-wheel car.
The term loanable funds refers to all income that is not used for consumption
a. True b. False Indicate whether the statement is true or false