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If a public policy program costs $1.2 million and is funded by 4 different sourc

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Question: If a public policy program costs $1.2 million and is funded by 4 different sources equally, how much does each source contribute?

Options:

  1. $200,000
  2. $300,000
  3. $400,000
  4. $500,000

Correct Answer: $300,000

Solution: 

Contribution per source = $1.2 million / 4 = $300,000.

If a public policy program costs $1.2 million and is funded by 4 different sourc

Practice Questions

Q1
If a public policy program costs $1.2 million and is funded by 4 different sources equally, how much does each source contribute?
  1. $200,000
  2. $300,000
  3. $400,000
  4. $500,000

Questions & Step-by-Step Solutions

If a public policy program costs $1.2 million and is funded by 4 different sources equally, how much does each source contribute?
  • Step 1: Identify the total cost of the public policy program, which is $1.2 million.
  • Step 2: Determine the number of sources funding the program, which is 4.
  • Step 3: Divide the total cost by the number of sources to find out how much each source contributes.
  • Step 4: Perform the calculation: $1.2 million divided by 4 equals $300,000.
  • Step 5: Conclude that each source contributes $300,000.
  • Division – The question tests the ability to divide a total cost by the number of contributors to find the individual contribution.
  • Understanding of Funding Sources – It assesses the understanding of how funding is distributed among multiple sources.
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