Consider the following graph. Ceteris paribus, suppose that artificial intelligence (IA) improves worker productivity.Which of the following statements is correct?Health, hEffect of health on income, y(h)Effect of income on health, h(y)Income per capita, yа.The health function, h( y ), shifts up, increasing the equilibrium levels of health and income.O b.Al cannot affect these functions as they determine health outcomes.C.None of these statements are correct.O d.The income function, y( h ), shifts to the right, increasing the equilibrium levels of health and income.е.Both functions shift leading to an increase in the equilibrium levels of health and income.

There is a positive and direct relationship between income and health.

ealth, h Effect of health on income, y(h) Effect of income on health, h(y) Income per capita, y a. The health function, h( y ), shifts up, increasing the equilibrium levels of health and income. b. Al cannot affect these functions as they determine outcomes. C. None of these statements are correct. d. The income function, y( h ), shifts to the right, increasing the equilibrium levels of health and income. е. Both functions shift leading to an increase in the equilibrium levels of health and income.

ealth, h Effect of health on income, y(h) Effect of income on health, h(y) Income per capita, y a. The health function, h( y ), shifts up, increasing the equilibrium levels of health and income. b. Al cannot affect these functions as they determine outcomes. C. None of these statements are correct. d. The income function, y( h ), shifts to the right, increasing the equilibrium levels of health and income. е. Both functions shift leading to an increase in the equilibrium levels of health and income.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12A: Appendix 12a Changing Demographics: The Aging Of America

Section: Chapter Questions

Problem 2QAP

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