QUESTION 5. (20 points) Assume Magicland is a small open economy that runs a current account surplus. A new virus hit the MagicLand and resulted in a drop of wealth of MagicLand's citizens. a) What will be the effect of the drop in MagicLand's wealth on its national saving and current investment? b) Based on your answers to part a), illustrate the effects of the drop in wealth on the MagicLand's saving-investment graph. c) What are the effects on this shock on MagicLand's Y, C, I, and NX? d) If the virus epidemic causes both a drop in wealth and a temporary drop in GDP, can you predict II'_he effect on the net export? Explain and provide a new graph