Question

The gross domestic product

(GDP) is the total national output of goods and

services valued at market prices within the United

States. The GDP of the United States in 2005 was

$12,460,000,000,000. (Source: Bureau of Economic Analysis.)

(a) Write this number in scientific notation.

(b) In 2005, the U.S. population was 2.98 x 10^8. On

average, how many dollars of goods and services

were produced by each individual?