By 2017, Spending on Federal Health Care Programs Such as Medicare

question 31

True/False

By 2017, spending on federal health care programs such as Medicare and Medicaid had grown to 7 percent of GDP.

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Definitions:

Indirect Method

This method is utilized in financial accounting to calculate cash flows from operating activities by starting with net income and adjusting for changes in balance sheet accounts.

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profit.

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Indirect Method

A cash flow statement presentation technique where net income is adjusted for changes in balance sheet accounts to calculate operating cash flow.