Question

According to the 2018 Forwign Aid table below

Country Total Aid Precentage of Donor
($ billions) Total Income
United States $34 0.17%
United Kingdom 19 0.70
Germany 25 0.61
France 12 0.43
Japan 14 0.28
Swedan 6 1.04
Canada 5 0.28
Italy 5 0.19
Australia 3 0.23
24-Nation Total $153 0.31%

How much more aid is required to satisfy the UN's Millennium Aid Goal if U.S. GDP was $20 trillion? (Hint: The UN's Millennium Aid Goal is to raise foreign aid levels to 0.7 percent of donor-country GDP.)
$ ....

Answer 1

To satisfy the UN's Millennium Aid Goal with a U.S. GDP of $20 trillion, $106 billion more aid is required.

Step-by-step explanation:

In order to determine how much more aid is required to satisfy the UN's Millennium Aid Goal, we first need to calculate 0.7% of the U.S. GDP.

0.7% of $20 trillion is:

0.7/100 * $20 trillion = $140 billion.

Since the total aid given by the United States is currently $34 billion, we can calculate how much more aid is required by subtracting the current aid from the target aid:

$140 billion - $34 billion = $106 billion.

Therefore, $106 billion more aid is required to satisfy the UN's Millennium Aid Goal if U.S. GDP was $20 trillion.