week1 assignment 1.docx - Opportunity cost usually refers...

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Opportunity cost usually refers to benefiting something an individual could receive. However, they must give up taking another course of action. “Stated differently, an opportunity cost represents an alternative given up when a decision is made. This cost is, therefore, most relevant for two mutually exclusive events” (Investopedia, 2018). (Tax foundation, 2014). On the chart above GDP is broken up by state and local spending including federal-grants-in Aid are being distributed. When we talk about a country that completely strong in terms of providing and assisting with health care and expenditures but having low amount of GDP. Keeping that balance low give the government the option. “The more important news is how that fraction changed between 2013 and 2014: It didn’t change at all. In fact, because of revisions to some past years” (New republic. 2014). When health is lower the spending of is not always the right thing to do. This gives the proclamation possibly that some in certain areas are not roper care isn't always a good thing.
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