Consider Table 11.1. Table 11. 1 a. If this national debt in each of the given
Question:
Consider Table 11.1.
Table 11.1
a. If this national debt in each of the given years is shared 2009:\$36,000/ equally by the U.S. citizens, how much would it cost person; each of us (rounded to the nearest thousand dollars)?
b. How fast is the population increasing from 2009 to 2012 ?
c. How fast is the national debt increasing from 2009 to 2012? 11.6\%; 22 times faster than pop.
d. If the interest rate is \(2 \%\), what is the interest on the national debt each second? Assume a 365-day year.
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Given the data in the table lets solve the questions one by one a To calculate the cost per person of the national debt in each of the given years you ...View the full answer
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