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What is the approximate U.S. federal tax revenue (rounded to the nearest million), and if the U.S. were to use this revenue to pay off the debt, how much would be left?

A. $1 trillion, $5 trillion left
B. $2 trillion, $3 trillion left
C. $3 trillion, $2 trillion left
D. $4 trillion, $1 trillion left

Answer :

Final answer:

The U.S. federal tax revenue is about $3 trillion. However, this revenue wouldn't be able to fully repay the U.S. national debt that's about $27 trillion. Consequently, none of the options given in the question are accurate.

Explanation:

The term 'U.S. federal tax revenue' refers to the money generated by the government through taxing its citizens and business entities. As of 2020, the annual U.S. federal tax revenue was around $3 trillion. The U.S. national debt, on the other hand, is substantially more. As of 2020, the U.S. national debt was about $27 trillion. Therefore, if the U.S. were to use its annual revenue to pay off this debt, it wouldn't be able to fully repay it right away. This means that

option C ' $3 trillion', $2 trillion left,' is not accurate, and actually, none of the options provided are accurate.

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