By the year 2017, health care spending on Medicare, Medicaid, and other U.S. government programs as a percentage of GDP had reached a level of
A) 2.2 percent.
B) 7 percent.
C) 17.5 percent.
D) 21.5 percent.
Answer: B
You might also like to view...
Consider three ways of allocating two goods in a two-person exchange economy. I. Both individuals take prices as given and equilibrium prices are established by an impartial auctioneer. II. One individual can act as a perfect price discriminator and force the other individual to pay a different price for each unit of a good that is traded. III. One individual is a monopolist and can charge the
other individual a single, utility-maximizing price. Which of these situations is efficient? a. None of them. b. Only I. c. I and II, but not III. d. I and III, but not II.
An increase in the number of firms in a perfectly competitive market causes:
A. a movement along the market supply curve. B. an increase in the market supply curve. C. a decrease in the market supply curve. D. an increase in each firm's supply curve.
China has a trade deficit in services, while India has a trade surplus in services
Indicate whether the statement is true or false
Is every product produced in the United States included in U.S. gross domestic product?
What will be an ideal response?