Aggregate Accounting

question 30

Multiple Choice

Aggregate accounting:

• A)is used primarily by microeconomists.
• B)provides a way of measuring total or aggregate production.
• C)was first developed in the 1970s.
• D)cannot be used to measure national consumption.

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Definitions:

Medicaid Eligibility

The criteria which determine an individual's or family's qualification to receive Medicaid, a program assisting with medical costs for people with limited income and resources.

Reported Income

The total amount of income declared by an individual or corporation for tax or financial reporting purposes.

Medicaid Claim

A request for payment that healthcare providers submit to Medicaid for covered services provided to enrolled members.

Medicare Preauthorization

The requirement of obtaining approval from Medicare before it will cover certain prescribed medications or procedures.