The Bureau of economic analysis estimates that in 2010 Ameri

The Bureau of economic analysis estimates that in 2010, Americans spent $10.2 trillion and personal consumption. The major categories of these expenditures are durable goods ($1,000,000,000,000) nondurable goods ($2.3 trillion), and services ($6.8 trillion, healthcare, education, transportation).

What is the approximate annual per capita (yearly per person) spending for personal consumption? Assume a total population of 315,000,000.

My Answer:

$10.2 trillion / 315,000,000 equals 323,809.95 yearly per person

What is the approximate daily per capita (daily per person) spending for personal consumption?

My answer:
323,809.95/365 days per year equals 887.15

Is it correct?

Solution

Please rate me

Per capita spending means spending per son , so you have to divide the total expenditure by total number of persons

Answer will be 10.2 trillion / 315,000,000 =

32380.952381

You answer is 10 times ,so there is a mistake in divison

approximate daily per capita (daily per person) =32380.952381/365

=88.715