If you had a mole of U.S. dollar bills and equally distributed the money to all of the people of the world, how rich would every person be? Assume a world population of 7 billion.

Short Answer

Expert verified
Each person would receive $86,000,000,000,000 (86 trillion dollars) if a mole of U.S. dollar bills were distributed equally among the entire global population.

Step by step solution

01

Determine the total amount of money in a mole of U.S. dollar bills

In this step, we simply need to find out how many U.S. dollar bills are in a mole. Recall that a mole contains \(6.022\times 10^{23}\) entities. Therefore, a mole of U.S. dollar bills contains \(6.022\times 10^{23}\) U.S. dollar bills.
02

Convert the world population to scientific notation

We need to convert the world population (7 billion) to scientific notation so that we can easily divide it by the mole of U.S. dollar bills. There are two ways to write 7 billion in scientific notation. One way is to write it as \(7\times 10^9\), and the other way is to write it as \(7.0\times 10^9\). In this solution, we will use \(7\times 10^9\).
03

Divide the total amount of money by the number of people in the world

Now, we need to divide the total amount of money (\(6.022\times 10^{23}\) U.S. dollar bills) by the world population (which we have expressed as \(7\times 10^9\) people), to find out how much money each person would get if the money were distributed equally among them. To do this, we will use the following formula: \[ \text{Money per person} = \frac{\text{Total amount of money}}{\text{Number of people in the world}} \] Plugging in the values, we get: \[ \text{Money per person} = \frac{6.022\times 10^{23}}{7\times 10^9} \] To simplify this expression, first divide \(6.022\) by \(7\), which is approximately \(0.860\). Then, subtract the exponent in the denominator (\(9\)) from the exponent in the numerator (\(23\)), which results in an exponent of \(14\). Therefore, the simplified formula becomes: \[ \text{Money per person} = 0.860\times 10^{14} \]
04

Convert the result back to standard notation (if desired)

To convert the final result back to standard notation, we multiply the coefficient (0.860) by \(10^{14}\). Doing this calculation, we get: \[ 0.860\times 10^{14} = 86{,}000{,}000{,}000{,}000 \] So each person would receive $86,000,000,000,000 (86 trillion dollars) if a mole of U.S. dollar bills were distributed equally among the entire global population.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Mole Concept
The mole is a fundamental concept in chemistry which acts as a bridge between the microscopic world of atoms and molecules and the macroscopic world we interact with daily. It's used to represent an exact number of particles, similar to how the word 'dozen' represents exactly 12 of something. In chemistry, one mole contains exactly \(6.022\times 10^{23}\) entities, whether they are atoms, ions, or in our unique example, U.S. dollar bills. This massive number is known as Avogadro's number, and it allows chemists to count out specific quantities of substances in a practical way.
Scientific Notation
Large numbers, such as Avogadro's number, are cumbersome to use in calculations, which is why scientists use scientific notation. This method expresses numbers as a product of two factors: a coefficient that is at least 1 but less than 10, and a power of 10. For instance, the number 7000000000 can be daunting to look at, but when expressed as \(7\times 10^9\), it becomes much easier to understand and work with. Scientific notation simplifies computations, provides an easy way to express precision, and allows for quick estimation of the size or scale of a number.
Division in Scientific Notation
When dividing numbers in scientific notation, the process is streamlined into two simpler steps. First, divide the coefficients, then subtract the exponent of the divisor from the exponent of the dividend. For example, when dividing \(6.022\times 10^{23}\) by \(7\times 10^9\), you divide 6.022 by 7 to get about 0.860 as the new coefficient. Next, subtract the exponent in the denominator (9) from the exponent in the numerator (23) to get 14. The result would be approximately \(0.860\times 10^{14}\), which can then be transformed back into a more traditional number by multiplying the coefficient by the power of ten, as demonstrated in the final step of our exercise solution.

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