Think of an unclosed economy in which consumption smoothing is present in all periods in the table below. There is an investment opportunity it and these are the following variables and the table below will help you understanding with these variables Q = 150, C = 150, I = 0, TB = 0, and W = 0, which is external wealth. Suppose that a country has the ability to invest in period 0. This opportunity of investment will be a temporary shock. The country has to spend 35 units to invest in period 0. This will bring the country 10 units of output each period starting from period 1. Therefore, output would be 150 units in period zero and then 160 units in every following period. If this open economy wants to have smooth consumption in all of the periods by acquiring from abroad, find the values in the boxes in the table below and you should be able to find the following.

a. Find the consumption level.

b. Find the Trade balance- (TB) in all of periods of the empty boxes below.

c. Find the Current account- (CA) in all periods of the empty boxes below.

d. Find the External Wealth- (W) level in all periods.

e. Find the present values of Output (or Q or GDP), Consumption and TB.

Set up a long run budget constraint to make this more solvable

Period		0	1	2	3	4	5
output GDP	Q	150	160	160	160	160	160
Expend GNNE	C	?	?	?	?	?	?
	I	35	0	0	0	0	0
Trade Bal	TB	?	?	?	?	?	?
Net factor income abroad	NFIA	0	?	?	?	?	?
Current account	CA	?	?	?	?	?	?
External Wealth	W	?	?	?	?	?	?