I am happy I don't live in USA  ^-^

Yes, per week.

Deficit of 500 calories per day (times) 7 days a week (equals) 3500 weekly calorie deficit.

It'll be equal to losing one pound of body weight (might be any combination of water, muscle, and fat).

Good luck! 

@haverdoo:

it's all about continued calorific deficit while maintaining heavy lifting and protein intake…

this. you could use simple calorie counter apps everyday and it becomes a habit/routine

top!