What will health cares share of gdp be in 2019

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Health care costs in the United States have grown at an average rate of 4.8% between 1990 and 1999, and in 1999 they accounted for 10% of the U.S. GDP. If health care costs continue to grow at this rate and GDP continues to expand at a 2% average annual rate, what will health cares share of GDP be in 2019 (after 20 years)?

 

Reference no: EM13715510

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