Solve the following

1. Consider the following cases and indicate for each case the direction and amount of changes in NX and NCO for the U.S. (e.g. NX decreases by $2, NCO increases by $3, etc.). Please circle your final numerical answers and explain how you arrived at the numerical answers. a. The U.S. government uses 500,000 U.S. dollar's worth of previously obtained Chinese Yuan to buy 500,000 U.S. dollar's worth of N-95 masks from a Chinese company. b. A department store chain in Japan uses yen to purchase 500,000 U.S. dollars from a U.S. bank. It then uses these dollars to buy DVDs from a U.S. filmmaker. c. A U.S. bank loaned the Korean government 1 million U.S. dollars. The Korean government then used the entire loan to buy ventilators from a U.S. healthcare equipment company