Some time ago, one of the United States was facing a budget deficit of $1.5 billion. The population of the state was approximately 3.4 million. How much would each person in the state have to contribute to pay a $1.5 billion deficit?
(1.5 billion) / (3.4 million)
$1..5*10^9/3.4*10^6 = $____ per person.
To find out how much each person in the state would have to contribute to pay a $1.5 billion deficit, we need to divide the deficit by the number of people in the state.
The calculation is as follows:
Deficit per person = Total deficit / Population
In this case, the deficit is $1.5 billion and the population is 3.4 million. However, to perform the calculation, we need to convert the population from millions to a whole number.
1 million = 1,000,000
Therefore, 3.4 million = 3,400,000
Now we can proceed with the calculation:
Deficit per person = $1,500,000,000 / 3,400,000
Using a calculator, the result is approximately $441.18 per person.
Hence, if each person in the state were to contribute equally, they would need to contribute approximately $441.18 to pay off the $1.5 billion deficit.