NUR 4280 Health care ec Midterm
Exam With 100% Correct Answers
2025-2026 Updated.
1- Which program has the highest expenditure per enrollee in the US?
Medicaid
Medicare
Employer-sponsored health insurance
Non-group health insurance - Answer medicare
1- Which statement is correct about US expenditure on health care in 2008?
One out of every six dollars spent in the U.S. was spent on health care
One out of every eight dollars spent in the U.S. was spent on health
care
One out of every four dollars spent in the U.S. was spent on health care
One out of every ten dollars spent in the U.S. was spent on health care - Answer One out of
every six dollars spent in the U.S. was spent on health care
1- Which of the following options is incorrect about US health care?
Health care spending as a share of GDP has been steady from 2008 to 2012
The projected health care spending as a share of GDP in 2020 is lower than the current share.
Increase in life expectancy is one of the reasons of increase in health care costs
US is categorized as a country with high health care costs - Answer The projected health care
spending as a share of GDP in 2020 is lower than the current share.
1- Demand falls by 5 percent for every 10 percent increase in price of health care services.
How much is the own price elasticity of demand for health care?
0.5
2
-2
-0.5 - Answer -0.5
1- The demand for healthcare is ................ if the own price elasticity of demand is -0.2.
Elastic
Inelastic
, Unitary elastic
None of the above - Answer Inelastic
1- US demand for health care is
Downward sloping
Sensitive to the price of health care
Inelastic
All of the above - Answer All of the above
1- What share of the healthcare spending the US government is responsible for?
One third
One fifth
Half
Almost all the costs - Answer half
1- Which graph shows a perfectly inelastic demand? (look at page) - Answer c
1- The findings of which study design is most reliable?
Natural
experiments
Observational
studies
Randomized
experiments
None of the
above - Answer randomized
1- Which of the following options is correct about the RAND Health Insurance experiment
It only includes low-income individuals
The sample is limited to one state
The experiment started mid 70s.
There are only two groups of health plans; free and full cost plans - Answer mid 70s
Exam With 100% Correct Answers
2025-2026 Updated.
1- Which program has the highest expenditure per enrollee in the US?
Medicaid
Medicare
Employer-sponsored health insurance
Non-group health insurance - Answer medicare
1- Which statement is correct about US expenditure on health care in 2008?
One out of every six dollars spent in the U.S. was spent on health care
One out of every eight dollars spent in the U.S. was spent on health
care
One out of every four dollars spent in the U.S. was spent on health care
One out of every ten dollars spent in the U.S. was spent on health care - Answer One out of
every six dollars spent in the U.S. was spent on health care
1- Which of the following options is incorrect about US health care?
Health care spending as a share of GDP has been steady from 2008 to 2012
The projected health care spending as a share of GDP in 2020 is lower than the current share.
Increase in life expectancy is one of the reasons of increase in health care costs
US is categorized as a country with high health care costs - Answer The projected health care
spending as a share of GDP in 2020 is lower than the current share.
1- Demand falls by 5 percent for every 10 percent increase in price of health care services.
How much is the own price elasticity of demand for health care?
0.5
2
-2
-0.5 - Answer -0.5
1- The demand for healthcare is ................ if the own price elasticity of demand is -0.2.
Elastic
Inelastic
, Unitary elastic
None of the above - Answer Inelastic
1- US demand for health care is
Downward sloping
Sensitive to the price of health care
Inelastic
All of the above - Answer All of the above
1- What share of the healthcare spending the US government is responsible for?
One third
One fifth
Half
Almost all the costs - Answer half
1- Which graph shows a perfectly inelastic demand? (look at page) - Answer c
1- The findings of which study design is most reliable?
Natural
experiments
Observational
studies
Randomized
experiments
None of the
above - Answer randomized
1- Which of the following options is correct about the RAND Health Insurance experiment
It only includes low-income individuals
The sample is limited to one state
The experiment started mid 70s.
There are only two groups of health plans; free and full cost plans - Answer mid 70s
