The Shift from Outpatient Services Occurred for Which of the Following

question 81

Multiple Choice

The shift from outpatient services occurred for which of the following reasons

• A) Declining number of hospitals.
• B) Lack of quality health care in this country.
• C) An increasing number of healthy people.
• D) Rising costs of hospital and nursing home services.

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Definitions:

Laspeyres Index

A price index calculated by taking the ratio of the total cost of purchasing a specified set of goods and services in a given period to the cost of purchasing the same set of goods and services during a base period, using base period quantities for weighting.

Nominal Income

The amount of money earned in current dollars, without adjustment for inflation or purchasing power.

Revealed Preference

An economic theory that determines preferences by observing consumer choices and behaviors rather than through direct inquiry.

Inflation Level

The speed at which average prices for products and services increase, leading to a decrease in buying power.