Asked by
Arissa Nolley
on Nov 26, 2024
Verified
The health care industry currently absorbs about 17.9 percent of U.S. gross domestic product.
Gross Domestic Product
The total monetary value of all finished goods and services produced within a country's borders in a specific time period, serving as a broad measure of overall domestic production.
Health Care Industry
A sector that provides medical services, manufactures medical equipment, and develops pharmaceuticals, aiming to improve individual health outcomes.
- Acquire knowledge about the different factors leading to the increase in health care costs within the U.S.
Verified Answer
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Learning Objectives
- Acquire knowledge about the different factors leading to the increase in health care costs within the U.S.