The Concept Quality-Adjusted Life Year (QALY)

question 9

Multiple Choice

The concept quality-adjusted life year (QALY)

• A)is a multidisciplinary approach to measuring health status.
• B)has little application to medical decision making.
• C)is used extensively in the U.S.to evaluate health care programs.
• D)is used extensively to evaluate medical care resource allocation within government-run programs on fixed budgets, especially in Europe.
• E)none of the above.

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Definitions:

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed.

Proportional Tax

A tax system where the rate of taxation is fixed, meaning the tax rate stays the same regardless of the taxable amount or income.

Average Tax Rate

The portion of total income that is paid as tax, calculated by dividing the total tax amount by the taxable income.

Tax Base

The total amount of assets or revenue that a government can tax to fund its operations and services.