In 2018, the federal debt was about $21 trillion. In 2018, the U.S. population was about 327 million. Assuming that the federal debt is increasing about 5.5% per year and the U.S. population is increasing about 0.7% per year, determine the per capita debt (total debt divided by population) in 2030.
In 2018, the federal debt was about $21 trillion. In 2018, the U.S. population was about 327 million. Assuming that the federal debt is increasing about 5.5% per year and the U.S. population is increasing about 0.7% per year, determine the per capita debt (total debt divided by population) in 2030.
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 441PT: Two planes leave Dallas at the same time. One heads east at a speed of 428 miles per hour. The other...
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Question
In 2018, the federal debt was
about $21 trillion. In 2018, the U.S. population was
about 327 million. Assuming that the federal debt is
increasing about 5.5% per year and the U.S. population is
increasing about 0.7% per year, determine the per capita
debt (total debt divided by population) in 2030.
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