Question: start your answer by selecting quottruequot quotfalsequot or quotuncertainquot and...

 

Macroeconomics

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)

Question:

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.