What proportion on the GDP is spent on health care?
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
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?
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
Demand for health care is not
Sensitive to the price of health care
Which option is not true on the price of health care?
In general it does not affect ones health
It might have some impact on high risk individuals
It affects healthy people
It has some impact on low-income individuals
Which factor affects health?
All of the above
On average who is less likely to be healthier?
Highly educated individuals
Whites vs. blacks
Young adults vs. elderly
Hispanics vs. whites
QUESTION 9Which theory explains the effect of health on income?
Direct income theory
Efficient producer theory
Productive time theory
Allostatic load theory
Which one applies to an impatient individual?
Have high discount factors
Have low discount rates
More likely to become a physician
More likely to become a surfer