Assume the following accounts and amounts were reported by a nation last year: Government purchases of goods and services were $6.4 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 $6.9 billion; and the exports of goods and services were $5 billion.

(a) Determine the nations gross domestic product. (Enter amount in billion. Round answer to 1 decimal place, e.g. 527.5.) Gross domestic product (GDP) $Type your answer here billion eTextbook and Media Attempts: 0 of 2 used

(b) Determine the nations gross domestic product, if the dollar amounts of imports and exports are reversed? (Enter amount in billion. Round answer to 1 decimal place, e.g. 527.5.) Gross domestic product (GDP) $Type your answer here billion