Asked by Jasmine Sarmientos on Jun 14, 2024
Verified
Aggregate U.S. health care spending in 2017 was approximately
A) 5.2 percent of domestic output (GDP) .
B) 13.1 percent of domestic output (GDP) .
C) 17.9 percent of domestic output (GDP) .
D) 21 percent of domestic output (GDP) .
Aggregate U.S. Health Care Spending
The total amount of money spent on health care services in the United States over a specified period.
GDP
Gross Domestic Product; the total market value of all goods and services produced within a country in a specific time period.
- Examine the patterns in health care expenditure in the United States, both as a proportion of Gross Domestic Product and in absolute monetary terms.
Verified Answer
SR
Stephanie RubioJun 19, 2024
Final Answer :
C
Explanation :
In 2017, aggregate U.S. health care spending was approximately 17.9 percent of the domestic output (GDP), indicating a significant portion of the economy was dedicated to health care expenses.
Learning Objectives
- Examine the patterns in health care expenditure in the United States, both as a proportion of Gross Domestic Product and in absolute monetary terms.
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