$22,560,000 is the total deadweight loss associated with gift-giving in the country.
The deadweight loss refers cost that occurs when supply and demand are out of equilibrium and thus, creates market inefficiency.
Total amount of gift purchased = Total people * Each individual gift worth
Total amount of gift purchased = $250,000,000 * 906
Total amount of gift purchased = $226,500,000,000
Average recipient's valuation = 90 * $906 / 100
Average recipient's valuation = $81,540/ 100
Average recipient's valuation = $815.4
Total average recipient's valuation = Total people * Average recipient's valuation
Total average recipient's valuation = 250,000,000 * $815.4
Total average recipient's valuation = $203,850,000,000
Deadweight loss = Total amount of gift purchased - Total average recipient's valuation
Deadweight loss = $226,500,000,000 - $203,850,000,000
Deadweight loss = $22,650,000,000
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