According to the US Census Bureu the populations of the US i

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.

Solution

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 .