Healthcare spending contributes to nations gdp substantially

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Reference no: EM131246030

1. Do you think healthcare spending contributes to the nation's GDP substantially? Explain.

2. Do you think Real GDP reflects adequately our standard of living? why? why not?

3. Share with us how your family and your hospital contribute to the nation's GDP.

Explain your answers using economic terms such as GDP, Real GDP, Expenditure to GDP, and Income Approach to GDP.

Reference no: EM131246030

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