Asked by Morgan McCord on Jul 17, 2024
Verified
Our health care costs are about _____ percent of our GDP.
A) 5
B) 11
C) 17
D) 20
E) 24
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.
Health Care Costs
The expenses associated with medical treatment, including the costs of hospitalization, medications, preventive care, and medical devices.
- Investigate the association between health care investments and Gross Domestic Product.
Verified Answer
KC
Kelsey CorderJul 23, 2024
Final Answer :
C
Explanation :
According to the World Bank, the United States spent 17.7% of its GDP on healthcare in 2019, making it one of the highest healthcare spenders among developed countries. Choice A is too low, choices D and E are higher than the actual percentage, and choice B is close but still lower than the actual percentage.
Learning Objectives
- Investigate the association between health care investments and Gross Domestic Product.