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6 October, 08:03

At the end of a year, the gross debt of a country stood at about $16 trillion. Express this amount in dollars per person, assuming that the population of the country is about 276 million.

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  1. 6 October, 10:15
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    The answer is $57,971 per person

    Explanation:

    Gross debt is the total debt owed by a country to other countries or other financial institutions both home and abroad.

    Population is the total number of people in a country within a period of time.

    Gross dept/population measures the debt per each person in the population within a period of time.

    Gross debt = $16,000,000,000,000

    Population of the country = 276,000,000

    Gross dept/population=

    $16,000,000,000,000 : 276,000,000

    =$57,971.01

    Approximately, $57,971 per person.
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