The Profile of the Typical Nursing Home Resident Is Changing

question 21

Multiple Choice

The profile of the typical nursing home resident is changing as

• A) more older adults of color become residents of long-term care facilities.
• B) the average age of long-term care facilities is going down
• C) the ratio of women to men has reversed and now more men are in long-term care
• D) the costs of long-term care facilities has started to decrease.

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Definitions:

Total Revenue

The total amount of money a company generates from its business activities, often calculated by multiplying the price of goods or services by the quantity sold.

Policymaker

An individual or group responsible for making decisions and policies that affect a country's economy, society, or institution.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved due to market inefficiencies or interventions.

Tax Per Unit

A tax that is levied on a product based on the amount of the product sold, not on its value.