1.10 Table 23.2 shows GDP/ capita and total health care spending per capita for 42 countries (the...

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1.10 Table 23.2 shows GDP/ capita and total health care spending per capita for 42 countries (the first two columns of numbers).

a Calculate the means of both variables.

b Calculate a regression relating health care spending to GDP/ capita.

c Using the method discussed in equation (3.10), calculate the income elasticity of health expenditures.

d What does your answer to part

(c) indicate about the “share” of GDP/ capita going to health? Why?

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The Economics Of Health And Health Care

ISBN: 9781032309866

1st Edition

Authors: Sherman Folland; Allen C. Goodman; Miron Stano; Shooshan Danagoulian

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Question Posted: Nov 14, 2024 01:00 AM

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1.10 Table 23.2 shows GDP/ capita and total health care spending per capita for 42 countries (the...

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The Economics Of Health And Health Care

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