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kozerog [31]
3 years ago
8

Spending for health care is now estimated to account for ______ percent of the total u.s. economy.

Business
1 answer:
Yakvenalex [24]3 years ago
8 0

The US healthcare amounts to approximately 5.8% of its whole economy in 2015 in recently published statistics. This is because the United States Government funds two thirds of the whole US health care system. The fraction the government pays come from tax expenditures which would approximately amount to $1.9 trillion. With the Affordable Care Act being pushed through, these numbers would rise up further in the year 2024. America is one of the countries that are paying high amounts in terms of healthcare along with countries like Canada and the UK.

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Answer: Production Method

Explanation: Gross domestic product, also known as GDP, calculates the total value of products and sevices that are produced in an economy. This in turn measures the total income of a country.

The method that applies in this scenario is the production method. This method focuses on goods, by looking at its final value after deducting the input costs, also known as intermediate goods. Input costs (or intermediate goods) are the cost of materials that were used to make the final product, i.e. the production costs. Once the input costs are deducted from the total value of the goods , what remains becomes the actual income of the goods, the final cost, which is then added to GDP.

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Question 5 of 20
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When you invest your money, it is likely that in future your purchasing power will A. go up and down.

<h3>What will happen to your purchasing power?</h3>

If you invest your money today, there is a chance that you will get back more money than you deposited, or less than you deposited.

This means that you will either have more money or less money to purchase goods and services. In other words, your purchasing power will go up and down.

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A firm can effectively use its operations function to yield competitive advantage through all of the following except
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A firm cannot achieve competitive advantage by setting its equipment utilization goals as this will not retain its customers.

If a firm wants to achieve competitive advantage it can achieve it by;

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Specific Identification is the accounting record of the transactions of the proposal, that is, an inventory method that tracks which item is actually sold and debits.

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It is an accounting record between income and expenses, used to keep track of identifiable and cost-specific inventory items.

This method gives managers or members of an entity a greater possibility of manipulating profits by identifying units in ending inventory as coming from specific purchases.

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