In 1960, out-of-pocket spending on health care in the United States was
A) 2.2 percent. B) 6 percent. C) 48 percent. D) 64 percent.
C
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The quantity of money demanded to satisfy transactions needs:
a. is intended for unexpected expenditures. b. increases with the level of real GDP. c. decreases with the level of real GDP. d. is unrelated to either national income or the interest rate. e. varies inversely with the liquidity demand for money.
Which of the following statements is true?
A) When TP = TE (total production = total expenditures), the economy is necessarily producing Natural Real GDP. B) When TP is greater than TE, inventory levels unexpectedly fall. C) When TE is greater than TP, inventory levels unexpectedly rise. D) b and c E) none of the above
________: a measure of the response of consumption of a good or service to changes in the price of another good or service
Fill in the blank(s) with correct word
To decrease output the government could
A. adopt policies that discourage immigration and increase government spending. B. adopt policies that encourage immigration and decrease government spending. C. adopt policies that encourage technological advancement and increase government spending. D. adopt policies that discourage technological advancement and decrease government spending.