raw Design Layout References Mailings Review View 8 Tell me ri (Bo... v 11 V A A Aav Ap va= v AaBbCcDdEe AaBbCcDdEe I Uvab x x ADVA v E E Normal No Spacing Styles Pane ocerunto. The interest rate in the United States is 3%. If Canada would be a closed economy, its interest rate would be 2.4%. Consider and analyze the country Canada, as a small open economy with perfect capital mobility. Use the macroeconomic model for a small open economy studied, to analyze the impact of the following event on Canadian savings, investment, exchange rate and trade balance in the Canadian economy: event: Canadian federal, provincial and territorial governments eliminated the government budget deficits and introduced budget surpluses. Also, why it is important for Canadians to closely watch movements in government budget balances? Explain thoroughly with words + graphs