. Application 3 to chapter 15 (page 340) suggests increased health care expenditures will crowd out other expenditures. What component of GDP do you

. Application 3 to chapter 15 (page 340) suggests increased health care expenditures will crowd out other expenditures. What component of GDP do you think will suffer? Using that same argument, Nebraska has debated casino gambling several times. Proponents say the additional entertainment dollar expenditures will be great for the economy. Opponents say it will only crowd out the entertainment expenditures elsewhere. Without debating the merits of gambling itself, which position do you take?

Application 3 to chapter 15 (page 340) suggests increased health care expenditures will crowdout other expenditures. What component of GDP do you think will suffer? Using that sameargument,…