Assume that the interest rate on a one-year Treasury bill is 4.1 percent and the rate on a two-year Treasury note is 7.0 percent. (a) If the expected real rate of interest is 2.5 percent, determine the inflation premium on the Treasury bill. (Round answer to 1 decimal place, eg. 527.5.) Inflation premium e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b) Using the expected real rate of interest from Part A, if the maturity risk premium is expected to be zero, determine the inflation premium on the Treasury note. (Round answer to 1 decimal place, eg. 527.5.) Inflation premium % e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer Assume the following accounts and amounts were reported by a nation last year: Government purchases of goods and services were $5.3 billion; personal consumption expenditures were $40.6 billion; gross private domestic investment amounted to $20 billion; personal savings were estimated at $2 billion; imports of goods and services amounted to $7.4 billion; and the exports of goods and services were $5 billion. (a) Your answer is incorrect. Determine the nation's gross domestic product. (Enter amount in billion. Round answer to 1 decimal place, eg. 527.5.) Gross domestic product (GDP) $ billion e Textbook and Media Save for Later Attempts: 1 of 2 used Submit Answer (b) Determine the nation's gross domestic product, if the dollar amounts of imports and exports are reversed? (Enter amount in billion. Round answer to 1 decimal place, eg. 527.5.) Gross domestic product (GDP) $ billion e Textbook and Media