By January 2014 the US population had grown to 317.3 million and the US Federal Debt was a reported $17.3 trillion. Calculate the January 2014 Federal Debt per capita.
per capita, means per head, or per person, so ...
what is 17.3 trillion / 317.3 million
To calculate the January 2014 Federal Debt per capita, we need to divide the total Federal Debt by the US population.
1. Start with the given information:
- US population in January 2014: 317.3 million
- US Federal Debt in January 2014: $17.3 trillion
2. Divide the Federal Debt by the population:
Federal Debt per capita = Federal Debt / Population
Federal Debt per capita = $17.3 trillion / 317.3 million
3. Simplify the calculation:
Federal Debt per capita ≈ $54,463.80
Therefore, the January 2014 Federal Debt per capita in the United States was approximately $54,463.80.