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How much is spent on average in the united states

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Problem 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.

Reference no: EM132979938

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