Il. TWO SHORT ANSWER QUESTIONS (Four Points Each Note. Please show your work and clearly label your answers 6. Tara, a small island nation, records the following belance of payments transactions. Please assemble a balance of payments ccounts for Tiara, placing each item with the correct sign in the correct category current account, capital account, or official reserve transactions). Ouserved transactions Exports of fish to the us, USD,000 imports of services from New Zealand, USDECO Forelgn direct invesement from the uS into a laca tactery, USD200 Increase In USD fore an exchange reserves due to central bank Intervention, uSDISO * A locai company barrows from abrosd, uSD200 7. You think your company should expend into Atliantis, a smal island country sormewhere in the Atlantic Ocean You need to pitch the ides to your boss, who hes never travelled cutside the United States. You realize you need to start the presentation with the overview of the ccuntry, including en outlook for Atlantis currency, The Atianta Atlantis is running a current account surplus or 8% of GDP After talkine to your economist friends, you believe that the surplus should be around 2% or GDP. You estimate mat a 8% depreciation of the Atanta would improve the current account by 2% of GDP s Atlantis currency undervalued or overvalued By how much? please briefly explain your condlusions