Assume a country’s nominal gdp is $750 billion, government expenditures less debt service are $185 billion, and revenue is $210 billion. the nominal debt is $480 billion. inflation is 2 percent and interest rates are 6 percent. a. calculate debt service payments. instructions: round your answer to 1 decimal place. leave no cell blank. you must enter "0" for the answer to grade correctly.$ billion. b. calculate the nominal deficit or surplus. add a negative sign before the value to indicate a deficit. instructions: round your answer to 1 decimal place. leave no cell blank. you must enter "0" for the answer to grade correctly.$ billion. c. calculate the real deficit or surplus, placing a negative sign in front of the value if it is a deficit. instructions: round your answer to 1 decimal place. leave no cell blank. you must enter "0" for the answer to grade correctly.$ billion (real deficit or real surplus).
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Assume a country’s nominal gdp is $750 billion, government expenditures less debt service are $185 b...
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