According to the Foreign Aid table provided below: Instructions: Enter your resp
ID: 1210500 • Letter: A
Question
According to the Foreign Aid table provided below:
Instructions: Enter your responses as a whole number.
(a) How much foreign aid does the United States provide?
$ billion
(b) How much more is required to satisfy the UN’s Millennium Aid Goal if U.S. GDP = $15 trillion? (Hint: The United Nations’ Millennium Aid Goal is to raise foreign aid levels to 0.7 percent of donor-country GDP.)
$ billion
($ billions) Percentage of Donor
Total Income Australia $3 0.29% Canada 4 0.30 Denmark 2 0.88 France 13 0.46 Italy 3 0.16 Japan 9 0.18 Norway 4 1.06 United Kingdom 11 0.52 United States 29 0.21 22-Nation Total $120 0.28%
Explanation / Answer
US provided total 29 Bn Dollars of foreign aid. If the US GDP increases to 15 Trillion, which is equal to 15000 Billions, then .70% of this incomes as foreign aid amounts to 10500 Bn Dollars. From an existing donation of 29 Billions, there must a huge jump of about 10471 Bn Dollars.
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