Check my work 4 Assume a country's nominal GDP is $700 billion, government expenditures less debt service are $175 billion, and revenue is $176 billion. The nominal debt is $440 billion. Inflation is 7 percent and interest rates are 7 percent. 6.66 points Instructions: Enter your responses rounded to decimal place. To indicate a deficit, be sure to use a negative (-) sign before the value. eBook a. Calculate debt service payments. Print References $ 30.8 billion b. Calculate the nominal deficit or surplus. Add a negative sign before the value to indicate a deficit. billion c. Calculate the real deficit or surplus, placing a negative sign in front of the value if it is a deficit