OVERVIEW DATA
Updated August 25, 1998

BUS313 OVERVIEW DATA

"Numeracy" is similar to "literacy" except that it pertains to numbers. Unfortunately, some of our numbers are very large and have up to 14 digits! The concept of Engineering Notation can help us out:

  • 1x103 = thousand
  • 1x106 = million
  • 1x109 = billion
  • 1x1012 = trillion
The numbers in the following table are drastically rounded off so as to make them easier to remember.

BUS313 OVERVIEW DATA

A. DOLLAR AMOUNTS

World Gross Domestic Product (GDP) = $30 trillion

U.S. GDP = $8 trillion

Hawaii GDP = $30 billion

U.S. GDP per capita = $30,000

U.S. assets = $120 trillion

U.S. debts = $15 trillion

U.S. Net Worth = $105 trillion

Federal debt = $5 trillion

1997 Federal deficit = 0

1997 U.S. Current Account deficit = $150 billion

B. POPULATION

world population = 6 billion

U.S. population = 270 million

Hawaii population = 1 million

C.   U.S. RATES

inflation rate = 2%

unemployment rate = 5%

More information is available from the Internet search engines . For information on world GDP, the Alta Vista search engine recommended the following site

This page created May 25, 1998