A certain country had a total annual expenditure of $4.8 x 10^11 last year. If the population of the country was 240 million last year, what was the per capita expenditure?
Choose the correct choice from the following
A) $ 500 B) $ 1,000 C) $ 2,000 D) $ 3,000 E) $ 5,000

Rationale: "total expenditure / population = per capita expenditure hence , ( 4,8 x 10 ^ 11 ) / 240 000 000 = ( 4,8 x 10 ^ 11 ) / ( 2,4 x 10 ^ 8 ) = 2 x 10 ^ ( 11 - 8 ) = 2 x 10 ^ 3 = 2000 . answer is c ."
Answer: C