Hi! everyone. Could you tell me what this whole sentence means? Health spending has increased in absolute terms, but not as a proportion of national income. Are "in absolute terms" and "in absolute sense" interchangeable? What does it mean? Thanks!
Top answer
Consider this example. In 2012, national income was $200. Health spending was $50, ie 25%.
— Clive
Consider this example.
In 2012, national income was $200.
Health spending was $50, ie 25%.
In 2013, national income was $300.
health spending was $75, ie 25%.
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Consider this example. In 2012, national income was $200. Health spending was $50, ie 25%. In 2013, national income was $300. health spending was $75, ie 25%.
In 2013, health spending increased in absolute terms because $75 is mo