The following data represent health care expenditures as a percentage of the U.S. gross domestic product (GDP)
Question:
Year ..... Health Care as a Percent of GDP
2001 ...... 14.5
2002 ...... 15.3
2003 ...... 15.8
2004 ...... 15.9
2005 ...... 16.0
2006 ...... 16.0
2007 ...... 16.2
2008 ...... 16.2
2009 ...... 17.3
(a) Construct a time-series plot that a politician would create to support the position that health care expenditures, as a percentage of GDP, are increasing and must be slowed.
(b) Construct a time-series plot that the health care industry would create to refute the opinion of the politician. Is your graph convincing?
(c) Construct a time-series plot that is not misleading.
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a The politicians view b The health care ...View the full answer
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