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Question
How many dollars per millisecond would the federal government have to collect to retire a deficit of $100 billion in one year?
Solutions
VerifiedSolution A
Solution B
Step 1
1 of 2First we write
Next, we calculate how many milliseconds are there in a year
Finally, we calculate
Answered 3 months ago
Step 1
1 of 4Given:
The amount of deficit:
Time required to retire a deficit:
We need to determine dollar collection rate expressed in dollars per millisecond.
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