MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 7.2, Problem 1GE
To determine
Demand-pull cause and cost-push cause in the health care sector.
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Read “YOU’RE THE ECONOMIST: Why the High Cost of Health Care?” in Chapter 17. After reading the case, discuss the following questions: (1) Which of the causes of healthcare inflation discussed here could be considered demand-pull causes? Which are elements of cost-push inflation? (2) Can you think of any other causes for the rising costs of health care.
Total spending on health care in a certain region rose from $937 million in 1976 to $946 billion in 2007, Compare this rise in health care spending to the overall rate of inflation as measured by the Consumer Price Index.
A Click the icon to view the Average Annual Consumer Price Index.
%.
(Round to the nearest percent as needed.)
Health care spending increased by
The overall rate of inflation was %.
i Average Annual Consumer Price Index (1982-1984=100
X.
(Round to the nearest percent as needed.)
Year
CPI
Year
CPI
Year
CPI
1976
56.9
1987
1988
113.6
1998
163.0
1977
606
118.3
1999
166.6
65.2
1978
1979
1989
124.0
2000
172.2
72.6
1990
130.7
2001
177.1
136.2
140.3
144.5
2002
2003
2004
179.9
184.0
188.9
195.3
201.6
207.3
215.3
1980
82.4
1991
1981
1982
90.9
1992
96.5
1993
1983
99.6
1994
148.2
2005
152.4
156.9
160.5
1984
103.9
1995
2006
1996
2007
1985
1986
107.6
109.6
1997
2008
Print
Done
Define the term Inflation-free interest rate?
Chapter 7 Solutions
MACROECONOMICS FOR TODAY
Ch. 7.2 - Prob. 1GECh. 7.2 - Prob. 2GECh. 7.2 - Prob. 1YTECh. 7.2 - Prob. 2YTECh. 7 - Prob. 1SQPCh. 7 - Prob. 2SQPCh. 7 - Prob. 3SQPCh. 7 - Prob. 4SQPCh. 7 - Prob. 5SQPCh. 7 - Prob. 6SQP
Ch. 7 - Prob. 7SQPCh. 7 - Prob. 8SQPCh. 7 - Prob. 9SQPCh. 7 - Prob. 10SQPCh. 7 - Prob. 11SQPCh. 7 - Prob. 1SQCh. 7 - Prob. 2SQCh. 7 - Prob. 3SQCh. 7 - Prob. 4SQCh. 7 - Prob. 5SQCh. 7 - Prob. 6SQCh. 7 - Prob. 7SQCh. 7 - Prob. 8SQCh. 7 - Prob. 9SQCh. 7 - Prob. 10SQCh. 7 - Prob. 11SQCh. 7 - Prob. 12SQCh. 7 - Prob. 13SQCh. 7 - Prob. 14SQCh. 7 - Prob. 15SQCh. 7 - Prob. 16SQCh. 7 - Prob. 17SQCh. 7 - Prob. 18SQCh. 7 - Prob. 19SQCh. 7 - Prob. 20SQ
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