3. What conclusions do you draw from these data, when comparing countries? [5] 4. If you were the "manager" of the health care system in the United States, what would be a sensible response to being shown data like these (How would you reply to or explain the conclusions from the previous question)? [5] Problem 1. The following table shows data for Australia, the United Kingdom, and the United States. Life Expectancy (Years) Expenditure per Person 2010 2015 2050 2015 Australia 81.8 82.5 $3.893 $4.493 United Kingdom 80.6 81.0 $3,281 $4.125 United States 78.6 78.8 $8,559 $9.507 Source Data from OECD (2017) Note: Expenditure per person has been translated into US dollars and adjusted for inflation. 1. How did life expectancy at birth change between 2010 and 2015 in the three coun- OLD tries? [5] Hint: Use the percentage change formula: %A NEW-OLD 2. How did expenditure per person change between 2010 and 2015 in the three coun- tries? [5] 1

3. What conclusions do you draw from these data, when comparing countries? [5] 4. If you were the "manager" of the health care system in the United States, what would be a sensible response to being shown data like these (How would you reply to or explain the conclusions from the previous question)? [5] Problem 1. The following table shows data for Australia, the United Kingdom, and the United States. Life Expectancy (Years) Expenditure per Person 2010 2015 2050 2015 Australia 81.8 82.5 $3.893 $4.493 United Kingdom 80.6 81.0 $3,281 $4.125 United States 78.6 78.8 $8,559 $9.507 Source Data from OECD (2017) Note: Expenditure per person has been translated into US dollars and adjusted for inflation. 1. How did life expectancy at birth change between 2010 and 2015 in the three coun- OLD tries? [5] Hint: Use the percentage change formula: %A NEW-OLD 2. How did expenditure per person change between 2010 and 2015 in the three coun- tries? [5] 1

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 8PA

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What are the relationships between health and education, on the one hand, and productivity and incomes, on the other?
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need correct answer . with why other option are incorrect.
What proportion on the GDP is spent on health care? 0.2 0.75 0.18 0.30 QUESTION 2 Which of the following options is incorrect about US health care? Health care spending as a share of GDP has been steady from 2008 to 2012 The projected health care spending as a share of GDP in 2020 is lower than the current share. Increase in life expectancy is one of the reasons of increase in health care costs US is categorized as a country with high health care costs QUESTION 3 For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care? 0.3 3.33 -3.33 -0.3 QUESTION 4 What is a Cadillac plan? Health insurance plan for Cadillac company (car manufacturer) A very generous employer-sponsored health insurance plan There is no such plan A very generous health plan for Cadillac owners QUESTION 5 Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Horizontal…
1. You have been hired as a consultant for the City of Los Angeles. City planners need to understand population data and use the data to predict the population in the future. Having a good estimate of the city's population helps the planners decide how much money will be needed for city maintenance and services, and helps local officials anticipate the needs for housing, school and other construction, and much more. Your work begins with finding the population of Los Angeles in the United States Census for 1920 to 2010. The U.S. Census Bureau data for the City of Los Angeles 1920-2010 appears in table below. Year Actual Population using Population using Quadratic Model Population using Exponential Model х, уears since Population Linear Model 1920 1920 576,673 10 1930 1,238,048 20 1940 1,504,277 30 1950 1,970,358 40 1960 2,479,015 50 1970 2,816,061 60 1980 2,966,850 70 1990 3,485,398 80 2000 3,694,820 90 2010 3,792,621 a. One way to model the population is with a linear function, y = mx…
Please no written by hand Regarding the paper: How and why US health care differs from that in other OECD countries by Victor R. Fuchs In 6-12 paragraphs, explain three (or more) reasons the paper is or may be correct and three (or more) reasons the paper may be wrong. For each reason pro and con, give a counter argument. For one pro counterargument and one con counter argument, give a counter-counter argument. That is, you should have three pros, three counters to pros, and one counter-counter to one of the counter arguments to the pros. Same with cons: three cons, three counters, and one counter-counter.You answers should be based in economic reasoning and refer to the concepts of class such as utility, theory of insurance, cost-effectiveness, adverse selection, moral hazard, stake-holders and social movements, etc. Your answers should give details for each pro, con, and counter such that the reader will understand what each point means and why it is important.
Exercise 2. Describe the difference between allocative efficiency and productive efficiency in theproduction of health. Assume researchers prove beyond a shadow of doubt that allocative efficiencyand productive efficiency are both causal mechanisms for the production of health. Should theUnited States spend more money educating its citizens if the goal is to become the healthiest nationin the world? [
Why is it difficult to measure health outcomes?
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How does the US healthcare system compare in acess of its citizens to France and Russia?
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