The U.S. trade deficit at the beginning of 2005 was $475,000,000. If the wealthiest 1.00% of the
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The U.S. trade deficit at the beginning of 2005 was $475,000,000. If the wealthiest 1.00% of the U.S. population (297,000,000) contributed an equal amount of money to bring the trade deficit to $0, how many dollars would each person contribute? If one of these people were to pay his or her share in nickels only, how many nickels are needed? Another person living abroad at the time decides to pay in pounds sterling (£). How many pounds sterling does this person contribute (assume a conversion rate of 1 £ = $1.869)?
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Related Book For
Chemistry
ISBN: 9781305957404
10th Edition
Authors: Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste
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