1 00:00:00,000 --> 00:00:00,670 2 00:00:00,670 --> 00:00:04,889 On February 2, 2010 the U.S. Treasury estimated the 3 00:00:04,889 --> 00:00:11,899 national debt at 1.2278 times 10 to the 13th power. 4 00:00:11,900 --> 00:00:15,929 And just to get a sense of things, 1 times 10 to the 5 00:00:15,929 --> 00:00:19,329 sixth is a million, 1 times 10 to the ninth is a billion, 1 6 00:00:19,329 --> 00:00:21,469 times 10 to the 12th is a trillion. 7 00:00:21,469 --> 00:00:23,449 So we're talking on the order of magnitude 8 00:00:23,449 --> 00:00:25,210 of 10 trillion dollars. 9 00:00:25,210 --> 00:00:28,469 So this is about 12 trillion dollars. 10 00:00:28,469 --> 00:00:31,969 Then they tell us that the U.S. Census Bureau's estimate 11 00:00:31,969 --> 00:00:36,390 for the U.S. population was about 3.086 times 10 to the 12 00:00:36,390 --> 00:00:37,100 eighth power. 13 00:00:37,100 --> 00:00:39,875 So this is a little over 300 million people. 14 00:00:39,875 --> 00:00:41,899 So that's an interesting number right there, it's the 15 00:00:41,899 --> 00:00:42,869 population. 16 00:00:42,869 --> 00:00:46,509 And then they say, using these estimates calculate the 17 00:00:46,509 --> 00:00:49,399 per-person share of the national debt. 18 00:00:49,399 --> 00:00:51,839 So essentially, we want to take the entire debt and 19 00:00:51,840 --> 00:00:53,450 divide by the number of people. 20 00:00:53,450 --> 00:00:56,850 That'll give us the per-person share of the national debt. 21 00:00:56,850 --> 00:01:00,320 Use scientific notation to make your calculations and 22 00:01:00,320 --> 00:01:01,630 express your answer in both 23 00:01:01,630 --> 00:01:05,710 scientific and decimal notation. 24 00:01:05,709 --> 00:01:07,859 Which means just as a regular number. 25 00:01:07,859 --> 00:01:11,409 Round to four decimal places while making calculations. 26 00:01:11,409 --> 00:01:12,989 So we want the per-person debt. 27 00:01:12,989 --> 00:01:14,429 So we want to take the total debt and divide by 28 00:01:14,430 --> 00:01:16,050 the number of people. 29 00:01:16,049 --> 00:01:26,269 So the total debt is 1.2278 times 10 to the 13th. 30 00:01:26,269 --> 00:01:31,609 And we want to divide that by the total number of people, 31 00:01:31,609 --> 00:01:37,659 which is 3.086 times 10 to the eighth. 32 00:01:37,659 --> 00:01:40,159 And we could separate this into two division problems. We 33 00:01:40,159 --> 00:01:45,069 could say that this is equal to the division right here, 34 00:01:45,069 --> 00:01:56,309 1.2278 divided by 3.086. 35 00:01:56,310 --> 00:02:02,629 And then times 10 to the 13th divided by 10 to the eighth. 36 00:02:02,629 --> 00:02:05,280 Now, what's 10 to the 13th divided by 10 to the eighth? 37 00:02:05,280 --> 00:02:06,530 Let me do it over here. 38 00:02:06,530 --> 00:02:10,379 39 00:02:10,379 --> 00:02:13,590 The way I think about it, this is the exact same thing as 10 40 00:02:13,590 --> 00:02:18,860 to the 13th times 10 to the negative eight. 41 00:02:18,860 --> 00:02:20,530 This is an eight right here. 42 00:02:20,530 --> 00:02:22,610 If you have a 10 to the eighth in the denominator, that's 43 00:02:22,610 --> 00:02:24,870 like multiplying by 10 to the negative eight. 44 00:02:24,870 --> 00:02:28,659 So you have 13, you the same base 10, so 10 to the 13th 45 00:02:28,659 --> 00:02:31,770 times 10 to the negative eight is going to be 10 to 46 00:02:31,770 --> 00:02:33,390 the 13 minus 8. 47 00:02:33,389 --> 00:02:35,069 Which is 10 to the fifth. 48 00:02:35,069 --> 00:02:38,909 Or another way to think about it: If you have the base in 49 00:02:38,909 --> 00:02:40,879 the denominator, you subtract the exponents. 50 00:02:40,879 --> 00:02:42,189 So it's 13 minus 8. 51 00:02:42,189 --> 00:02:43,419 10 to the fifth. 52 00:02:43,419 --> 00:02:52,359 So it's this blue expression times 10 to the fifth. 53 00:02:52,360 --> 00:02:57,240 And let's get a calculator out to calculate this right here. 54 00:02:57,240 --> 00:02:59,985 And they say round everything to four decimal places, so 55 00:02:59,985 --> 00:03:02,550 I'll keep that in mind. 56 00:03:02,550 --> 00:03:03,719 Let me turn my calculator on. 57 00:03:03,719 --> 00:03:22,759 1.2278 divided by 3.086 is equal to 0.3979. 58 00:03:22,759 --> 00:03:26,019 Because we want to round right there. 59 00:03:26,020 --> 00:03:27,005 Let me remember that. 60 00:03:27,004 --> 00:03:30,780 Or let me just put it on the side so I can 61 00:03:30,780 --> 00:03:33,020 still look at it. 62 00:03:33,020 --> 00:03:35,810 So this this little dividing decimals 63 00:03:35,810 --> 00:03:44,840 problem results in 0.3979. 64 00:03:44,840 --> 00:03:51,509 And of course, times 10 to the fifth dollars per person. 65 00:03:51,509 --> 00:03:53,639 Once again, you might be tempted to say, hey this is in 66 00:03:53,639 --> 00:03:54,589 scientific notation. 67 00:03:54,590 --> 00:03:57,759 I have some number times a power of ten. 68 00:03:57,759 --> 00:04:01,250 But notice, this number is not greater than or equal to 1. 69 00:04:01,250 --> 00:04:03,009 Remember, this number, if you want to be formal about 70 00:04:03,009 --> 00:04:06,259 scientific notation, has to be greater than or equal to 1, or 71 00:04:06,259 --> 00:04:07,769 less than 10. 72 00:04:07,770 --> 00:04:12,020 So what we can do here is we can multiply. 73 00:04:12,020 --> 00:04:14,580 If we don't want to change the number, we can multiply this 74 00:04:14,580 --> 00:04:17,629 number by 10 and divide this number by 10. 75 00:04:17,629 --> 00:04:20,209 Or another way you can think about it is, this whole thing 76 00:04:20,209 --> 00:04:26,180 can be rewritten as 0.3979 times 10 77 00:04:26,180 --> 00:04:30,110 times 10 to the fourth. 78 00:04:30,110 --> 00:04:32,509 What I did was just now was I broke up the 10 of the fifth 79 00:04:32,509 --> 00:04:35,709 into a 10 and a 10 to the fourth. 80 00:04:35,709 --> 00:04:38,120 And I did that because I want to multiply this by 10 so I 81 00:04:38,120 --> 00:04:41,250 can get a 3 out front instead of a 0.3. 82 00:04:41,250 --> 00:04:44,370 So let's do that. 83 00:04:44,370 --> 00:04:46,399 So essentially, I took a 10 out of the 10 to the fifth. 84 00:04:46,399 --> 00:04:48,689 I divided it by 10, I multiplied this other guy by 85 00:04:48,689 --> 00:04:50,670 10, not changing the whole number. 86 00:04:50,670 --> 00:04:57,840 So then this right here will become 3.979 and then times 10 87 00:04:57,839 --> 00:04:59,089 to the fourth. 88 00:04:59,089 --> 00:05:03,139 89 00:05:03,139 --> 00:05:05,629 So that's how much debt there is per-person 90 00:05:05,629 --> 00:05:07,139 in scientific notation. 91 00:05:07,139 --> 00:05:11,459 92 00:05:11,459 --> 00:05:15,239 Now, in the problem they also wanted us to express it in 93 00:05:15,240 --> 00:05:17,699 decimal notation. 94 00:05:17,699 --> 00:05:20,420 Which is just kind of standard writing it as a number with 95 00:05:20,420 --> 00:05:23,080 our standard numeric decimal system. 96 00:05:23,079 --> 00:05:26,099 So what is 3.979 times 10 to the fourth? 97 00:05:26,100 --> 00:05:27,350 Let's think about it. 98 00:05:27,350 --> 00:05:33,490 99 00:05:33,490 --> 00:05:36,829 Well let me just do it this way. 100 00:05:36,829 --> 00:05:38,669 Let's just move the decimal space. 101 00:05:38,670 --> 00:05:41,910 If we multiply it by 10, we're going to get 39.79. 102 00:05:41,910 --> 00:05:43,590 If we multiply it by 10 squared, we're 103 00:05:43,589 --> 00:05:45,334 going to get 397.9. 104 00:05:45,334 --> 00:05:47,250 If we multiply it by 10 to the third, we're 105 00:05:47,250 --> 00:05:49,654 going to get 3,979. 106 00:05:49,654 --> 00:05:53,019 If we multiply it by 10 to the fourth, we're going to get one 107 00:05:53,019 --> 00:05:54,339 more zero right there. 108 00:05:54,339 --> 00:05:55,319 So we're essentially going to move the 109 00:05:55,319 --> 00:05:56,680 decimal four to the right. 110 00:05:56,680 --> 00:05:59,379 111 00:05:59,379 --> 00:06:00,949 So I could write it like this. 112 00:06:00,949 --> 00:06:06,620 This is equal to $39,970. 113 00:06:06,620 --> 00:06:09,000 So if you think about the national debt per person. 114 00:06:09,000 --> 00:06:13,069 Every man, woman, and child in the United States essentially 115 00:06:13,069 --> 00:06:15,860 owes $39,970. 116 00:06:15,860 --> 00:06:20,733