Total annual spent of a country is $ \ \$ 9 \ $ trillion for personal consumption . If total population is $ 250 \ $ million , then find the annual per capita spending for personal consumption in doller ?
Answer:
total expenditure= $ \ 9 \ $ trillion= $ \ 9 \times 10^6 \ $ million
Total population =$ 250 \ million \ $ .
Hence annual per capita for personal spending = $ \frac {9 \times 10^6}{250}= ? \ \ person /year $
I am just unable to find the result in $ person/year $ unit .
Is there any help ?
The unit for per capita spending is $\frac {dollars}{person \cdot year}$ because it is the amount each person spends in one year. The annual total spending is $9 \cdot 10^{12} \frac {dollars}{year}$ divided by $250 \cdot 10^6 persons$ giving units of $\frac {dollars}{person\cdot year}$