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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13 June, 06:57

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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Pooch · Answer 1

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.