The reason(s) to believe that health spending as a share of GDP will continue to rise over time is/are:
A) the retirement of the baby boomer generation.
B) as people's incomes rise, among the most valuable goods they can purchase are additional life and health.
C) increased life expectancy.
D) All of these answers are correct.
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

All of these factors contribute to the likelihood that health spending as a share of GDP will continue to rise over time. As the baby boomer generation retires, they will likely require more healthcare services, causing an increase in demand. Additionally, as people's incomes rise, they may be willing to spend more on healthcare in order to achieve better health outcomes. Finally, increased life expectancy means that people will need healthcare services for a longer period of time, further driving up spending.

The Reason(s) to Believe That Health Spending as a Share