1. (5%) Figure 2 shows the average healthcare spending from all sources by age and edu- cation in 2013 USD. Despite the educational gradient in
1. (5%) Figure 2 shows the average healthcare spending from all sources by age and edu- cation in 2013 USD. Despite the educational gradient in health, spending appears to be almost identical. Is this consistent with the Grossman model? A 10 6 2013 $ (Thousands) 25-34 35-44 45-54 55-64 65-74 75+ Age -= = High School College FIGURE 2: TOTAL HEALTHCARE SPENDING BY EDUCATION AND AGE
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