The pharmaceutical expenditure funded by a public insurance was 3,000,000 m.u. (monetary units) this year (year 10), and corresponded to 125,000 prescriptions. Ten years ago (in year 1), the number of prescriptions was 80,000 and they gave rise to expenditure equivalent to 800,000 m.u. of year 10. Calculate a simple index of the trend in pharmaceutical expenditure funded by the public insurance between year 1 and year 10.
The pharmaceutical expenditure funded by a public insurance was 3,000,000 m.u. (monetary units) this year (year 10), and corresponded to 125,000 prescriptions. Ten years ago (in year 1), the number of prescriptions was 80,000 and they gave rise to expenditure equivalent to 800,000 m.u. of year 10. Calculate a simple index of the trend in pharmaceutical expenditure funded by the public insurance between year 1 and year 10.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
Related questions
Concept explainers
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Question
I need the answer as soon as possible
Transcribed Image Text:The pharmaceutical expenditure funded by a public insurance was 3,000,000 m.u. (monetary
units) this year (year 10), and corresponded to 125,000 prescriptions. Ten years ago (in year 1),
the number of prescriptions was 80,000 and they gave rise to expenditure equivalent to 800,000
m.u. of year 10.
Calculate a simple index of the trend in pharmaceutical expenditure funded by the public
insurance between year 1 and year 10.
Select one:
a. 375.
b. 240.
C. 156.
d. This index cannot be calculated with the information provided.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you