In the first quarter of 2020 (2020Q1) in the United States, private consumption fell by $260.8 billion compared to its level in the previous quarter, 2019Q4. (All figures are in terms of constant 2012 dollars.) At the same time government expenditure went up by $5.9 billion, total investment declined by $48.4 billion, and GDP dropped by $234.1 billion. Based on the fundamental macroeconomic identity, how much did the trade balance (net exports) change in 2020Q1 compared to 2019Q4?

1. In the above question, if the budget deficit in 2020Q1 increased by $15.2 billion (in terms of constant 2012 dollars), by how much did private savings change?

1. a.Increased by $132.8 billion
2. b.Increased by $36.0 billion.
3. c.Increased by $5.6 billion.
4. d.Decreased by $5.6 billion.
5. e.Decreased by $102.4 billion.