Assume the economy is open to capital inflows and outflows and therefore net capital inflow equals imports

(IM) minus exports (X). Answer each of the following questions.

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a. X = $125 million IM = $80 million Budget balance = -$200 million I = $350 million Calculate private savings. b. X = $85 million IM = $135 million Budget balance = $100 million Private savings = $250 million Calculate I. c. X = $60 million IM = $95 million Private savings = $325 million I = $300 million Calculate the budget balance. d. Private savings = $325 million I = $400 million Budget balance = $10 million Calculate IM-X.