The following table shows the 2024 projected U.S. health expenditures of various types (both total and per capita).

(a) Use the data to make a 2 x 4 matrix E with each column representing a type of health expenditure.

(b) These costs are predicted to change by about 6.1% for the next year. Assuming a 6.1% change in all these expenditures, use a matrix operation to find the predicted 2025 amounts, correct to the nearest tenth of a billion dollars for total amounts and the nearest dollar for per capita

Transcribed Image Text:

Physician Personal health Expenditure Hospital & clinical Туре care services care Prescriptions Total 1755.1 1034.8 4550.1 564.3 ($billions) Per capita (dollars) 5053 2979 13,099 1624