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Answer :
In 2022, government spending amounted to 3.9 trillion, tax revenue reached 4.5 trillion, GDP stood at 14.02 trillion, and total consumer spending was 10.75 trillion. The correct option is b.
In explanation, government spending refers to the total amount of money spent by the government on various programs and services. In 2022, it was reported to be 3.9 trillion dollars. Tax revenue represents the total income collected by the government through taxes. In the same year, tax revenue amounted to 4.5 trillion dollars. GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced within a country's borders in a specific time period. In 2022, the GDP was recorded at 14.02 trillion dollars. Total consumer spending denotes the sum of expenditures made by individuals and households on goods and services. For 2022, it was estimated to be 10.75 trillion dollars.
These figures are crucial indicators of the economic health and activity of a country, providing insights into government fiscal policy, revenue generation, economic growth, and consumer behavior. The accurate measurement and analysis of these metrics are essential for policymakers, economists, businesses, and individuals to make informed decisions and predictions regarding economic trends, investment opportunities, and financial planning strategies. The correct option is b.
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