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The United States boasts the world's largest mixed economy, with a nominal GDP of $25.4 trillion in 2022. Its economy is characterized by a high degree of innovation, entrepreneurship, and global interconnectedness. As a global leader in trade, the U.S. exported $2.5 trillion worth of goods and services in 2022, while importing $3.1 trillion. The U.S. government is a significant player in the economy, with federal procurement expenditures reaching $581 billion in 2022.
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