Distinguish between real and nominal expenditures

Reference no: EM133469319

Assignment:

Please cite sources (both in-text and via a Reference List). Each component below must be addressed in your Essay response.

1. What determines how much is spent on your health care: how sick you are or how much money you earn? What determines how much is spent on average in the United States: how sick people are or how much money they earn? Will changes in the rate of inflation affect health care spending? In your answer, distinguish between real and nominal expenditures and between short- and long-run effects.

2. What percentage of total health expenditures in the United States are paid for by government (Federal, State and local)? Which government programs are the largest? Were the same, or similar, programs at the top of the list for government funding in 1900?

Reference no: EM133469319

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