Recall Application 3, "Increasing Health-Care Expenditures and Crowding Out," to Answer

question 162

Multiple Choice

Recall Application 3, "Increasing Health-Care Expenditures and Crowding Out," to answer the following questions:
-According to the application, the increase in the share of health- care spending to GDP from the 1950s to 2000 is due to:

• A) a larger elderly population.
• B) a higher relative price of health- care relative to other goods and services.
• C) higher life expectancy.
• D) All of the above are correct.

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