In 2008, the federal debt was about $10 trillion. In 2008, the U.S. population was about 304
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In 2008, the federal debt was about $10 trillion. In 2008, the U.S. population was about 304 million. Assuming that the federal debt is increasing about 7.8% per year and the U.S. population is increasing about 0.9% per year, determine the per capita debt (total debt divided by population) in 2020.
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From 2008 to 2020 would be 12 years so t 12 ...View the full answer
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