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 2015, 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 12 percent today.
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The rate of return on bonds is lower than on stocks over time because
A) bond holders cannot diversify. B) bonds have a lower standard deviation in returns. C) stocks have less non-diversifiable risks than bonds. D) bonds are subject to more random risks than stocks.
In the U.S., the two components of the receiving water quality standards are
a. the BAT and the BCT b. use-support status and effluent limitations c. the use designation and water quality criteria d. the zero discharge goal and the NPDES
Pay rates within a firm seem to show less variation than marginal productivity rate differences. This is because
A. social norms do not allow employers to pay high productivity wages. B. as much as possible firms try to pay employees the same rate for fairness reasons. C. firms cannot measure marginal productivity accurately. D. firms compensate their high producers with non-monetary perks.
Between 1995 and 2007 in the United States:
A. average U.S. household wealth increased and median household wealth declined. B. average U.S. household wealth declined and median household wealth increased. C. both average and median U.S. household wealth declined. D. both average and median U.S. household wealth increased.