Question 3

An international health care program was conducted in three countries. The program costs occurred in each country in 2017 are listed as below. Please use the 2017 PPP data to calculate the total program cost in US dollars.

Country Cost (in local currency) PPP

Argentina 100,000 11.474

Peru 50,000 1.599

US 30,000 1

Question 4

A city is considering building a deck park over an expressway, which would provide green space for people to exercise, relax, and commute. After the park is built, the expressway will become a tunnel as vehicles go through under the park. The park will also remove contact between pedestrians and automobiles, which could reduce accidents. If you are a decision maker and would like to conduct a cost-effectiveness analysis of such a project, what are the costs you would consider in your study (1 point)? Please define your study perspective. Where do you think you can get your cost data from (assume this study is conducted before the project is implemented, so no directly collected data available from the project itself) (1 point)? What might be the saved costs (negative costs) (1 point).