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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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  1. 1 July, 13:41
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    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
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