Question: start your answer by selecting quottruequot quotfalsequot or quotuncertainquot and...
Start your answer by selecting -"true", "false" or "uncertain" and then provide arguments to justify the selection in 100 or less words. Any assumptions made must be clear, reasonable and explicit. (4 marks)
The saving rate (gross domestic saving as a % of GDP) in Singapore, a small open economy, was 48% in 2017 while the investment rate (domestic investment as a % of GDP) was 25%. As a result, there was net outflow of capital from Singapore in 2017.