+12 according to www.whitehouse.gov, the government had about $2.1 trillion in receipts and $2.8 trillion in outlays for 2013.
A) write a sentence comparing these two values
B) The US per capita income for 2013 was $53,143. If the adverage person operated like the federal government, how much money would they have spent in 2013?
C) Explain how the debt and deficit are different
+37084 1. I'll let you compose a sentence...but HERE is one: (LOL)
According to www.whitehouse.gov, the government had about $2.1 trillion in receipts and $2.8 trillion in outlays for 2013.
2 Ratio 2.8 tril / 2.1 tril = x / 53143 x = how much YOU would spend
Multiply both sides by 53143 2.8/2.1 x 53143 = x = $ 70,857
3 The deficit is how much the budget is short THIS year that the government will BORROW and spend this year. This DEFICIT will be added to the cumulative DEBT which is summed over the years of deficits.
Current US DEBT (Money we OWE ) $ 20.1 TRILLION 20,100,000,000,000. Crazy.
