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The simplest way to solve this is to convert trillion to billion.

1.5 trillion = 1500 billion

Then multiply by .7% or .007

1500 * .007 = 10.5 billion

what is .7% of 1.5 trillion?

USA   ⇒$1.5\ trillion=1.5\times 10^{12}$

              $1.5\times 10^{12}\times 7\%=1.05\times 10^{11}$

GB     ⇒ $equal$

England traditional 

          ⇒ $1.5\ trillion =1.5\times 10^{18}$

               $1.5\times 10^{18}\times 7\%=7.7\times10^{16}$

Germany and France 

          ⇒ $equal$

  !