1. Some time ago, one of the United States was facing a budget deficit of $1 billion. The population of the state was approximately 18.7 million. How much would each person in the state have to contribute to pay a $1 billion deficit? Round your answer to the nearest dollar.
2. A 1-dollar bill is 6.14 inches long, 2.61 inches wide, and 0.0043 inch thick.
Assume your classroom measures 24 by 25 by 10 ft. How many such rooms would a billion 1-dollar bills fill? (Round your answer to one decimal place.)
1. Payment per person = Total Debt / Population = 1,000,000,000/ 18,700,000 ≈ $53.48 = $53
2. Number of Bills in One Classroom = Volume of classroom / Volume of Bills =
24 ft = 288 in ...... 25 ft = 300 in ....... 10 ft = 120 in
So
[ 288 * 300 * 120 ] / [ 6.14 * 2.61 * 0.0043 ] ≈ 150,458,821 would fit in one room
And
Number of Classrooms Needed for one billion bills =
1,000,000,000 / 150,458,821 ≈ 6.6 Classrooms