Question

The government of a foreign country has recently decided to give a tax rebate to each of its adult citizens. The total amount the government can spend on the program is the equivalent of $5 × 1011. If the adult population of the country is approximately 2.29 × 108, what is a good estimate of the amount of money each person will receive (in dollars)?

Answer 1

Given :

The government of a foreign country has recently decided to give a tax rebate to each of its adult citizens.

The total amount the government can spend on the program is the equivalent of
`\$(5 * 10^(11))`. If the adult population of the country is approximately
`2.29 * 10^8`.

To Find :

A good estimate of the amount of money each person will receive (in dollars).

Solution :

`\text{Amount per person}= \frac{\text{Total amount}}{\text{Number of people}}\\\\A =(5* 10^(11))/(2.29* 10^8)\\\\A = \$2183.406`

Hence, this is the required solution.