Nostra
Diamond Member
- Oct 7, 2019
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Net income went up 7.3% in 2023?Nominal dollar amounts always go up, the cost curve measures whether health care became more costly relative to society’s means (GDP) or households’ means (income). It didn’t, because the cost curve bent to the point of becoming nearly completely flat.
The price of a TV is higher today in nominal dollars than it was in 1950, but a TV obviously costs considerably less today.
Link?