I do have a assessment due before oct21, with total around 8 questions. This is a practice assessment

app.crowdmark.com 7,15 crowdmark .-. c QB (20 points) Consider the two-period small open economy without government expenditures and investment. Let's denote the endowment each period as Yhi = 1; 2, and let's assume that the consumer has access to the international capital market to borrow or lend at the constant interest rate r. Also, assume that (1 + r) = 1 . Furthermore, assume that the consumer starts period 1 with a stock Bl of foreign assets. (a) [5 points] Write the two period-by-period budget constraints and the intertemporal budget constraint. \\item \\lbrack 5 points] Define the net exports in each period (N X t, t = 1; 2) and write the intertemporal budget constraint in terms of the economy's net exports in both periods. What does this equation say about the sign of the net exports in each period? (b) [5 points] Let lifetime utility be given by U = 1n(C1) + ln(C2). Solve for consumption in 61n(C) = i) 6C C ' each period. (Note: Recall that (c) [5 points] Derive the expression for current account in period 1. (d) [5 points] Imagine that output is equal in both periods: Y1 = Y2 = 17 and suppose that the country starts as a net debtor (Bl