in other
words, labour productivity of a person employed in the economy (no information on the
productivity in individual sectors is available). As wages are projected to grow faster
than GDP per capita, this scenario provides an insight into the effects of unit costs in the
health care sector increasing by more than in the economy as a whole. However, to
consider the scenario feasible, two strong macroeconomic assumptions need to be
established. First, wages must be assumed to be a key determinant of costs in the health
sector, which is therefore supposed to be highly labour intensive. Second, wages in the
health sector must grow at the same rate as wages in the whole economy, and wages in
the whole economy generally follow the trend of economy-wide productivity. If both