Question 1.3] [It] Marks] Draw the current account schedules {i_e_ G4=Cdfr), where r is the interest rate} for the US and the rest of the world. {i} [2 Marks] Draw these schedules in a diagram where on the y-axis is the interest rate, and on the saxis are the current accounts of the US and the rest of the world. [ii] [4 Marks] Label in the diagram the equilibrium world interest rate and the equilibrium currcnt accounts of the US and the rest of the world if both regions are open economies and there is free capital mobility. lillieflyr describe, in a few sentences, what is the equilibrium world interest rate and the equilibrium current accounts [decit or surplus?) of the US and the rest of the world if both regions are open economies and there is free capital mobility. {iii} [4 Marks] Label in the diagram the interest rate and current account of the US and the rest of the world, respectively, if both regions are closed economies. Briey describe, in a few sentences, what are the equilibrium interest rates and the equilibrium current accounts {decit or surplus?) of the US and the rest of the world it' both regions are closed economies