discuss the correlation between the GDP growth and health outcomes. compare shir
ID: 1189578 • Letter: D
Question
discuss the correlation between the GDP growth and health outcomes. compare shirt term trends vs long term trends. why would this be an example of the fallacy of composition in health economics? discuss the correlation between the GDP growth and health outcomes. compare shirt term trends vs long term trends. why would this be an example of the fallacy of composition in health economics? discuss the correlation between the GDP growth and health outcomes. compare shirt term trends vs long term trends. why would this be an example of the fallacy of composition in health economics?Explanation / Answer
GDP and Health outcomes are positively correlated to each other. The study shows that countries with poor health facility and sanitation have relatively lower GDP. Also the devleoped countries have a good health benefit and facility record.
However the fallacy is that the greater expenditure the government incurs on health sector, the lesser it is left with spending on other sectors such as infrastrucure. The higher the expenditure of the economy, the lower is the reserves. It has also been observed that spending more on infrastructure brings more growth rate than spending on health sector. In this way GDP and health are negatively correlated.
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