During the 1965-2009 Period, the Price Index of Healthcare Services

question 332

Multiple Choice

During the 1965-2009 period, the price index of healthcare services

• A) declined slightly relative to the overall consumer price index.
• B) fell by approximately 50 percent compared to the overall consumer price index.
• C) increased at twice the rate of the overall consumer price index.
• D) rose during a brief period following the passage of Medicare and Medicaid but has been relatively stable since that time.

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Definitions:

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A form of gambling involving the drawing of numbers at random for a prize.

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Interest on an investment or loan calculated monthly and added to the principal sum for future interest calculations.

Pay Off

To settle a debt or obligation by making a payment, either in partial settlements or in full, to clear the owed amount.

Car Loan

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