Question
The 1995 current dollar spending on physicians by Massachusetts residents was $5,320,000,000. By 2014, current dollar spending had risen to $15,280,000,000. a.)What was the percentage
The 1995 current dollar spending on physicians by Massachusetts residents was $5,320,000,000. By 2014, current dollar spending had risen to $15,280,000,000.
a.)What was the percentage increase in current dollar spending between 1995 and 2014?
b.)Convert the 1995 current dollars into 2014 constant (real) dollars using only the PPI for doctors' services.
c.)What was the percentage change from 1995 to 2014 in constant (real) dollars?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
