Asked by Maria Clara on Apr 27, 2024



Health care expenditures as a percentage of GDP are lower in the United States than in Germany, France, or Canada.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, often used as an indicator of economic health.

Health Care Expenditures

The total amount spent on health services and goods, including personal healthcare, public health services, and health research and activities.

  • Comprehend the diverse elements contributing to the escalation of health care expenses in the United States.

Verified Answer

Zybrea Knight

May 03, 2024

Final Answer :
Explanation :
The United States has higher health care expenditures as a percentage of GDP compared to Germany, France, or Canada, largely due to higher prices for medical services and pharmaceuticals, as well as a significant amount of administrative overhead.