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Solved: Health Care Expenditures The following data
Chapter 8, Problem 15AYU(choose chapter or problem)
Problem 15AYU
Health Care Expenditures The following data represent health care expenditures as a percentage of the U.S. gross domestic product (GDP) from 2001 to 2009. Gross domestic product is the total value of all goods and services created during the course of the year.
(a) Construct a time-series plot that a politician would create to support the position that health care expenditures, as a percentage of GDP, are increasing and must be slowed.
(b) Construct a time-series plot that the health care industry would create to refute the opinion of the politician. Is your graph convincing?
(c) Construct a time-series plot that is not misleading.
Questions & Answers
QUESTION:
Problem 15AYU
Health Care Expenditures The following data represent health care expenditures as a percentage of the U.S. gross domestic product (GDP) from 2001 to 2009. Gross domestic product is the total value of all goods and services created during the course of the year.
(a) Construct a time-series plot that a politician would create to support the position that health care expenditures, as a percentage of GDP, are increasing and must be slowed.
(b) Construct a time-series plot that the health care industry would create to refute the opinion of the politician. Is your graph convincing?
(c) Construct a time-series plot that is not misleading.
ANSWER:
Answer:
Step 1 of 2
The following data represent health care expenditures as a percentage of the U.S. gross domestic product (GDP) from 2001 to 2009. Gross domestic product is the total value of all goods and services created during the course of the year.
Year |
Health care as a percent of GDP |
2001 |
14.5 |
2002 |
15.3 |
2003 |
15.8 |
2004 |
15.9 |
2005 |
16 |
2006 |
16 |
2007 |
16.2 |
2008 |
16.2 |
2009 |
17.3 |
(a)
