The U.S. national debt was $2.9617x10^13 in 2021 and $3.98x10^11 in 1971. Find out how much the debt increased in the 50-year period.

Question

Responses

1.0183x10^24

3.0015x10^13

2.9219x10^13

2.9219x10^11

Answer 1

To find out how much the debt increased in the 50-year period, we can subtract the national debt in 1971 from the national debt in 2021:

$2.9617x10^13 - $3.98x10^11 = $2.9219x10^13.

Therefore, the debt increased by $2.9219x10^13 in the 50-year period.