Economics · Economy
Consider the following statements regarding the economic burden of diabetes: Statement I: Diabetes imposes a substantial economic burden on countries due to both high healthcare spending and productivity losses. Statement II: Direct costs of diabetes include expenditure on medicines, diagnostics, outpatient care, and hospitalisation. Statement III: Indirect costs of diabetes include productivity loss due to illness, disability, and premature mortality. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct.
- 2Only one of the Statements II and III is correct, and that explains Statement I.
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.✓
Correct answer
Both Statement II and Statement III are correct, and both of them explain Statement I.
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