International data show a positive correlation between income per person and the health of the population. a.

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International data show a positive correlation between income per person and the health of the population.
a. Explain how higher income might cause better health outcomes.
b. Explain how better health outcomes might cause higher income.
c. How might the relative importance of your two hypotheses be relevant for public policy?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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