Question

How many dollars per millisecond would the federal government have to collect to retire a deficit of $100 billion in one year?

Solutions

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First we write $100 billion=$100109\$100 \text{ billion}=\$100\cdot10^9

Next, we calculate how many milliseconds are there in a year 1 year=3652460601000=3.15361010 ms1 \text{ year}=365\cdot24\cdot60\cdot60\cdot1000=3.1536\cdot 10^{10}\text{ ms}

Finally, we calculate

dollars in millisecond=1001093,15361010=$3.17/ms\text{dollars in millisecond}=\dfrac{100\cdot10^9}{3,1536\cdot10^{10}}=\boxed{\$3.17\text{/ms}}

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