C. Suppose period 0 ends as above. Now it is time 1, and suppose conditions have changed again, and the country learns of an identical negative output shock at time t=1. This shock is expected to last one year, and will lead to another output drop of210 units. That is, GDP at time 1 falls to Q1 = 790, instead of 1000. Compute the new planned levels ofconsumption at t = 0, 1, 2 under this scenario building on what has already happened in t=0. [1] Compute the trade balance, NFIA, current account, and wealth at t = 0, 1, 2 under this scenario WWW in t=0. [1] TBo = NFlAn = CAO = W0 = T131 = NFIA1 = CA1 = W1 = TBz = NFIAz = CA2 = W2 = Now return to that initial situation at t=0. Now suppose agents had learned at time t=0 that output was going to be at the level of 790 in both years 1 and 2, instead of 1000. At time 0, under this scenario: What is the present value of output? [1] PV[Q] = What is the present value of consumption? [1] PV[C] = How would planned levels of consumption differ here from the previous case where agents only learned in each year about the output drop in that year? [2]