The current value of a statistical life is determined by how much
A) the person would contribute to the economy, and cost of emergency response.
B) debt someone would be willing to take on to pay for expensive medical treatment.
C) a jury was willing to award for a wrongful death.
D) None of the above

Question

Quizplus · Accepted Answer

The current value of a statistical life is not determined by any of the specific factors listed in options A, B, or C. Instead, it is typically calculated based on various economic analyses, including how much people are willing to pay for small reductions in their risks of dying.

The Current Value of a Statistical Life Is Determined by How