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Assignment 3, Business Economics

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#question.#quesExamine the expenditure trends over the last 40 years. What are the direction and magnitude of changes in spending in and between these various categories (with the exception of the catch-all category of “other”), the percentage of GDP spent on NHE, and the NHE per capita?
The figures have been adjusted for inflation. So while general inflation contributes, along with other factors, to the rise in NHE generally, expressing these figures in real (inflation-adjusted) dollars compensates for the effect of general inflation. As a result, and assuming that not all of the increase in healthcare costs is related to the increase in utilization, what can you say about the price of medical care services?
From examining the rates of growth in the various sectors, what trends do you see in the mix of health services used by the American public? What factors might contribute to these trends?.

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