Math Problem Statement

Question content area top Part 1 An organization estimated that in a particular year the population of a country spent ​$10.5 trillion in personal consumption. The major categories of these expenditures are durable goods ​($1.4 ​trillion; for​ example, cars,​ furniture, recreational​ equipment), nondurable goods ​($2.5 ​trillion; for​ example, food,​ clothing, fuel), and services ​($6.4 ​trillion; for​ example, health​ care, education,​ transportation). Complete parts​ (a) through​ (e) below. Question content area bottom Part 1 a. What is the approximate annual per capita spending for personal​ consumption? Assume a population of 340 million. ​$    30,882​/person/yr ​(Round to the nearest dollar as​ needed.) Part 2 b. What is the approximate daily per capita spending for personal​ consumption? ​$    85​/person/day ​(Round to the nearest dollar as​ needed.) Part 3 c. On average about what percentage of personal spending is devoted to​ services?    61​% ​(Round to the nearest percent as​ needed.) Part 4 d. Spending on health care was estimated to be ​$1.5 trillion in that year. About what percentage of all personal spending is devoted to health​ care?    enter your response here​%

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Math Problem Analysis

Mathematical Concepts

Arithmetic
Percentage Calculations

Formulas

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Theorems

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Suitable Grade Level

High School