Ask Question
25 July, 14:55

At the end of a year, the gross debt of a country stood at about $16 trillion. Express this amount in dollars per person, assuming that the population of the country is about 276 million.

+3
Answers (1)
  1. 25 July, 16:25
    0
    The answer is $57,971 per person

    Explanation:

    Gross debt is the total debt owed by a country to other countries or other financial institutions both home and abroad.

    Population is the total number of people in a country within a period of time.

    Gross dept/population measures the debt per each person in the population within a period of time.

    Gross debt = $16,000,000,000,000

    Population of the country = 276,000,000

    Gross dept/population=

    $16,000,000,000,000 : 276,000,000

    =$57,971.01

    Approximately, $57,971 per person.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “At the end of a year, the gross debt of a country stood at about $16 trillion. Express this amount in dollars per person, assuming that the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers