. Assume the following accounts and amounts were reported by a nation last year: Government purchases of goods and services were $6.2 billion; personal consumption expenditures were $40.7 billion; gross private domestic investment amounted to $20 billion; personal savings were estimated at $2 billion; imports of goods and services amounted to $6.4 billion; and the exports of goods and services were $4 billion.

1. Determine the nations Gross Domestic Product (GDP).
2. How would your answer change if the Dollar amounts of imports and exports were reversed?