00:01
Hi there and welcome.
00:03
The cost of national defense was about $300 billion.
00:09
And this was distributed over 280 million people.
00:17
Now, we're converting from billions of dollars to millions of people, which is why instead of writing out all those zeros, the nine zeros at the top and the six millions at the bottom for the million, we're just going to essentially cancel those out.
00:32
So it's only three zeros at the top.
00:33
Because we know that a billion is a thousand times bigger than a million.
00:39
So this is essentially our per capita cost.
00:42
We're going to call that the pcp.
00:44
That is the cost per person.
00:48
And 300 ,000 divided by 280 is 171 .43 approximately.
01:03
And if you're unclear as to what just happened, essentially we're dividing the total cost by the total number of people to get the cost per person...