Asked by
Kylah Stumpmier
on Nov 26, 2024Verified
In recent decades, health care expenditures in the U.S. have been rising in absolute terms, but falling as a percentage of GDP.
Health Care Expenditures
The total amount of money spent on health care services, products, and medication by individuals, private entities, and governments.
GDP
Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.
- Analyze the trends in health care expenditures in the U.S. related to GDP.
Verified Answer
GM
Learning Objectives
- Analyze the trends in health care expenditures in the U.S. related to GDP.