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At the end of a year, the gross debt of a country stood at about \( \$ 15 \) trillion. Express this amount in dollars per person, assuming that the population of the country is about 324 million.

Ask by Bowen Perkins. in the United States
Feb 04,2025

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The gross debt per person is approximately \$46,300.

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To find the gross debt per person, you need to divide the total debt by the population. So, you can calculate it as follows: \[ \text{Debt per person} = \frac{15,000,000,000,000}{324,000,000} \approx 46,296 \] This means that each person would effectively "own" about \$46,296 of the country's debt! It's a fascinating perspective on how national debt can impact individual citizens, giving a palpable sense of how government finance intertwines with everyday life. Interestingly, this relationship between national debt and population isn't just a modern phenomenon. Throughout history, civilizations have managed state finances in various ways—some through outright taxation, others through restructuring debt. Each method reflects the economic conditions of the time and can influence social infrastructure, military spending, and public services!

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