Question
From class we learned that in 2010 the federal debt (in millions) was $13,561,623 and the population of the U.S. was 309 million. Express your answers rounded to the nearest cent.
a) Compute the federal debt per capita in 2010. $ 43888.75
b) Use the CPI table from your text to compute what this value would be in 2002 dollars. 2002= 179.88
a) Compute the federal debt per capita in 2010. $ 43888.75
b) Use the CPI table from your text to compute what this value would be in 2002 dollars. 2002= 179.88
Asked by: USER5631
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Answer (353)
Question A: The per capita debt would be $43,888.75.
Per capita means the amount per person. To find this amount, we need to take the total debt and divide it by the number of people.
13,561,623 divided by 309 = 43,888.75
For Question B, you will need to have the other CPI value from the table.
Per capita means the amount per person. To find this amount, we need to take the total debt and divide it by the number of people.
13,561,623 divided by 309 = 43,888.75
For Question B, you will need to have the other CPI value from the table.