The following data represent healthcare expenditures per capita (per person) and as a percentage of the U.S.
Question:
The following data represent healthcare expenditures per capita (per person) and as a percentage of the U.S. gross domestic product (GDP) from 2007 to 2016. Gross domestic product is the total value of all goods and services created during the course of the year.
(a) Construct a time-series plot that a politician would create to support the position that healthcare expenditures are increasing and must be slowed.
(b) Construct a time-series plot that the healthcare industry would create to refute the opinion of the politician. Is your graph convincing?
(c) Explain how different measures may be used to support two completely different positions.
Transcribed Image Text:
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Health Care per Capita 7627 7897 8143 8412 8644 8924 9121 9515 9994 10,348 Percent of GDP 5.5 3.5 3.1 3.3 2.8 3.2 2.2 4.3 5.0 3.5
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
a Here is a timeseries plot that a politician might use ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following data represent health care expenditures per capita (per person) and as a percentage of the U.S. gross domestic product (GDP) from 2003 to 2012. Gross domestic product is the total value...
-
The following data represent health care expenditures as a percentage of the U.S. gross domestic product (GDP) from 2001 to 2009. Gross domestic product is the total value of all goods and services...
-
The following data represent the closing stock price for Google, Inc. at the end of each year since it ï¬rst went public in 2004 until the end of 2010. Construct a time-series plot and...
-
Tern Corporation, a calendar year C corporation, is solely owned by Jessica Ramirez. Terns only business since its incorporation in 2011 has been land surveying services. In Terns state of...
-
Match each definition with its related term or abbreviation by entering the appropriate letter in the space provided. Term or Abbreviation Definition 1. SEC A. A system that collects and processes...
-
In a review of the research on workplace diversity, Beryl Nelson, a former software-engineering manager at Google, referred to several studies showing that teams whose members are...
-
In a factory, the product passes through two processes A and B. A loss of 5% is allowed in process A and 2% in process B, nothing being realized by disposal of the wastage. During April, 10,000 units...
-
Sublime Sandals Company was formed on January 1, 2014, and is preparing its annual financial statements dated December 31, 2014. Ending inventory information about the four major items stocked for...
-
Auditors begin their assessments of inherent risk during audit planning. Which of the following would not help in assessing inherent risk during the planning phase? A) obtaining knowledge about the...
-
Cybernetronics Inc. (Cyber) is a Canadian-owned public company which designs and manufactures communications and control systems. The company's year end is May 31. It is now June 2018. You, CPA, are...
-
Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Co. Inc. (BBY) is a leading retailer of consumer electronics and media products in the United States. Amazon...
-
The data set on the left represents the annual rate of return (in percent) of eight randomly sampled bond mutual funds, and the data set on the right represents the annual rate of return (in percent)...
-
Depreciation Gire Company began operations at the beginning of 2013, at which time it purchased a depreciable asset for $60,000. For 2013 through 2016, the asset was depreciated on the straight-line...
-
Peninsula Community Health Services of Alaska had just completed of a merger of two organizations. The original Peninsula Community Health center was a community health center only, but the CHC had...
-
Compensation Approach: Imagine that the HR department of your chosen organization from below is going to design a compensation approach for the job that is aligned with reinforcement, expectancy, and...
-
A boat leaves port and follows a course of N77E at 9 knots for 3 hr and 20 min. Then, the boat changes to a new course of S26E at 12 knots for 5 hr. Part 1 of 3 (a) How far is the boat from port?...
-
The aggregate supply curve of an economy is depicted by AS, shown in the graph on the right. Suppose that labour unions grant concessions, enabling firms to pay lower wages to their workers. Use the...
-
what is Medibank pestle analysis in term of these 2 statements? Current problem at hand deviates towards the fact that customers do not have high awareness of the health and wellbeing programs that...
-
Radar is used to scan for airplanes near an airport. If an airplane is 30 km from the airport, what is the round-trip travel time for the electromagnetic wave used by the radar system?
-
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
-
The table shows the tax, in dollars, on a pack of cigarettes in each of the 50 states and Washington, DC, as of September 2010. Note: The state with the lowest tax is Virginia and the state with the...
-
A dividend is a payment from a publicly traded company to its shareholders. The dividend yield of a stock is determined by dividing the annual dividend of a stock by its price. The following data...
-
Violent crimes include murder, forcible rape, robbery, and aggravated assault. The following data represent the violent-crime rate (crimes per 100,000 population) by state plus the District of...
-
Problem Set Time Value of Money 1. In 10 years, what is the value of $100 invested today at an interest rate of 8% per year, compounded annually? 2. In 10 years, what is the value of $100 invested...
-
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $120,000 Conversion costs:...
-
Q3 plz answer correctly and check work Builtrite's upper management has been comparing their books to industry standards and came up with the following question: Why is our operating profit margin...
Study smarter with the SolutionInn App