Which of the following statements is true of the gross domestic product (GDP)?
A. The percentage of the GDP represented by health care spending was first determined in 1975.
B. The percentage of the GDP represented by health care spending has been decreasing steadily over the years.
C. In 2014, according to U.S. government figures, health care spending had risen to 17.7 percent of the GDP.
D. The national coalition on health care predicts that by 2015, the United States will most likely be spending 30 percent of the country's GDP on health care.
E. Average per person spending on health care in the united states is $15,000
C. In 2014, according to U.S. government figures, health care spending had risen to 17.7 percent of the GDP.
The percentage of the GDP represented by health care spending was first determined in 1960, and it has been steadily increasing ever since. In 1960, health care spending accounted for slightly more than 5 percent of the GDP. In 2014, according to U.S. government figures, health care spending had risen to more than 17 ¬percent of the GDP. The Congressional Budget Office predicts that by 2038, the United States will most likely be spending 22 percent of the country's GDP on health care. The average spending per person on health care in 2014 is estimated to be $8,508.
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