HMS, HAG EQ-Bank 15 MC

Australia's Health 2024 data shows that Australia had the 15th highest health spending as a proportion of GDP among OECD countries. Which statement BEST analyses this ranking in relation to Australia's health outcomes?

Australia achieves relatively good health outcomes despite moderate health spending levels
Australia spends the least amount on health among all OECD countries
Higher health spending always guarantees better health outcomes across OECD countries
Australia's health spending is below the OECD median for all member countries

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\(A\)

Show Worked Solution

A is correct: Fourth highest life expectancy with 15th highest spending shows efficiency.

Other Options:

B is incorrect: 15th highest indicates substantial spending, not lowest.
C is incorrect: Spending doesn’t always correlate directly with outcomes.
D is incorrect: Australia’s 10.5% GDP exceeds OECD median of 9.5%.