According to the U.S Census Bureu, the populations of the U.S in 1976 was about

Question

According to the U.S Census Bureu, the populations of the U.S in 1976 was about 216 million. How much did the federal movement owed per person that year ? If the I.S population at the end of 2008 was approximately 304 million how much did the federal government owed [er capita that year ? If the U.S population at the end of 2012 was 315 million, what was the federal debt per person? (a) in 1976 the U.S federal debt was $ per person. (b) in 2008 the U.S federal debt was $ per capita. (c) in 1976 the U.S federal debt was about $ per person.

Explanation / Answer

Solution :

Part a

It is given that, at the end of 1976,

Total US national debt = $654 billion

Total population = 218 million

So, per capita debt which the federal government owned in the year 1976,

= (Total US national debt ) / (Total population ) = (654000000000) / (218000000)

= $ 3000

Part B;

It is given that, at the end of 2008,

Total US national debt = $ 10.7 trillion

Total population = 304 million

So, per capita debt which the federal government owned in the year 2008,

= (Total US national debt ) / (Total population ) = (10.7 * 1000000000000) / (304000000)

=   $ 35197.3684 = $35197.

Part C:

It is given that, at the end of 2012,

Total US national debt = $16.5 trillion

Total population = 315 million

So, per capita debt which the federal government owned in the year 2012,

= (Total US national debt ) / (Total population ) = (16.5 * 1000000000000) / (315000000)

=   $ 52380.95 = $ 52381 .

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.