the surplus and deficit

Consider the following graph that depicts a small open economy (SOE), such as Colombia. r S S, I At the current world interest rate (r*), the country is experiencing a trade (surplus/deficit). Assume that Colombia is pursuing a contractionary fiscal policy (fall in G or increase in T). This policy will shift the (S curve/I curve) to the (right/left), creating a(n) (decrease/increase) in the trade (surplus/deficit). Assume that the world interest rate (r*) is increasing (ignore contractionary fiscal policy from above). This increase can be caused by a(n) (contractionary/expansionary) fiscal policy conducted by large countries that have an influence on the world financial market. The higher world interest rate would most likely (increase/decrease) the trade (deficit/surplus)