The following data represent healthcare expenditures per capita (per person) and as a percentage of the U.S.
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The following data represent healthcare expenditures per capita (per person) and as a percentage of the U.S. gross domestic product (GDP) from 2007 to 2016. 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 healthcare expenditures are increasing and must be slowed.
(b) Construct a time-series plot that the healthcare industry would create to refute the opinion of the politician. Is your graph convincing?
(c) Explain how different measures may be used to support two completely different positions.
Transcribed Image Text:
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Health Care per Capita 7627 7897 8143 8412 8644 8924 9121 9515 9994 10,348 Percent of GDP 5.5 3.5 3.1 3.3 2.8 3.2 2.2 4.3 5.0 3.5
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a Here is a timeseries plot that a politician might use ...View the full answer
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