In 1980 the government spent $12 billion for direct cash payments to single parents with dependent children. If this was 2,000 percent of the amount spent in 1956, what was the amount spent in 1956? (1 billion = 1,000,000,000)

(A) $6 million
(B) $24 million
(C) $60 million
(D) $240 million
(E) $600 million

Highlight to see answer: E

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