Asked by
Chassidy Gaither
on Nov 26, 2024
Verified
As a percentage of GDP, U.S. health care spending is
A) higher than that for Germany and Japan but lower than that of the United Kingdom and Sweden.
B) higher than for any other major industrial country.
C) lower than that for Canada.
D) nearly identical to that of the other major industrial nations.
GDP
Gross Domestic Product; a measure of the economic activity of a country, calculated as the total value of all goods and services produced over a specific time period.
Health Care Spending
The total amount of money spent on health care services by individuals, businesses, and governments.
Industrial Country
A nation with a significant level of development and standard of living, characterized by a strong industrial base.
- Scrutinize the trends in expenditure on health care within the United States, in terms of its GDP percentage and total dollar amount.
Verified Answer
FJ
Learning Objectives
- Scrutinize the trends in expenditure on health care within the United States, in terms of its GDP percentage and total dollar amount.