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

Question

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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

Mathematics

1 answer:

NemiM [27] · Answer 1 · 2022-01-10T02:44:12+03:00

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.