## Related questions with answers

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 $\$100 \text{ billion}=\$100\cdot10^9$

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

Finally, we calculate

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

Answered 3 months ago

Step 1

1 of 4**Given:**

The amount of deficit: $N=\$ 100 \times 10^9$

Time required to retire a deficit: $t=1 ~\mathrm{year}$

We need to determine dollar collection rate expressed in dollars per millisecond.

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