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. Use this information to compute the federal debt per capita in 2010.

Question

Mathematics

Sarahi Atkinson

1 July, 09:54

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. Use this information to compute the federal debt per capita in 2010.

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Darian Daugherty · Answer 1

Net Debt per Capita = (Short Term Debt+Long Term Debt-Cash and Cash Equivalents) / Population

From the information given:

federal debt in 2010 (in millions) = $13,561,623

Cash and cash equivalents=0

population=309 million

Hence the federal debt per capita will be:

(13,561,623) / (309)

=$43,888.75