Question
Go to the World Denelopment Indicators on the World Bank Web site (hteps/www.worldbank.ory) and find the latest figures on health care expenditures for industrialized countries. How does the United States compare with other countries in the latest year?
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Go to the World Bank website: www.worldbank.org. Show more…
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In the United States, what has been the trend in health care spending as a percentage of GDP? Compare the increases in health care spending per person in the United States with the increases in health care spending per person in other high-income countries. What implications do current trends in health care spending have for the growth of federal government spending in the United States?
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National Health Care Expenditure The per capita health spending in the United States in year $t$ for the years 2000 through 2011 is approximately $$ C(t)=-1.1708 t^{3}+7.029 t^{2}+389.69 t+4780 \quad(0 \leq t \leq 11) $$ dollars in year $t,$ with $t=0$ corresponding to 2000 . a. What was the per capita health spending in $2010 ?$ b. How fast was the per capita health spending changing in $2010 ?$ Source: NHCM Foundation.
Differentiation
Basic Rules of Differentiation
The per capita health spending in the United States in year $t$ for the years 2000 through 2011 is approximately $$C(t)=-1.1708 t^{3}+7.029 t^{2}+389.69 t+4780 \quad(0 \leq t \leq 11)$$ dollars in year $t,$ with $t=0$ corresponding to $2000 .$ a. What was the per capita health spending in $2010 ?$ b. How fast was the per capita health spending changing in $2010 ?$ Source: NHCM Foundation.
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