According to economic theory what is the optimal percentage of GDP to be spent on medical care?

a. 6 percent.
b. 8 percent.
c. 10 percent.
d. 12 percent.
e. There is no widely-accepted way to determine the optimal percentage.

E

Economics

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Some examples of standardized products include

a. furniture products, such as chairs and tables b. clothing products, such as shirts and jeans c. agricultural products, such as eggs and milk d. electronic products, such as DVD players and TVs

Economics

Expenditure and tax multipliers are likely to be large

A) if the economy is experiencing deflation. B) when real interest rates rise rapidly. C) during severe recessions. D) if the economy has negative cyclical unemployment.

Economics