Question: explain whether the given statement is true, false or uncertain. Start your answer by selecting one of the options - True, False or Uncertain and
explain whether the given statement is true, false or uncertain. Start your answer by selecting one of the options - "True", "False" or "Uncertain" and then provide arguments to justify your selection
The saving rate (gross domestic saving as a % of GDP) in Australia, a small open economy, was 15% in 2011 while the investment rate (domestic investment as a % of GDP) was 25%. Consequently, there was trade surplus (when receipts from exports exceed the expenditure on imports) for Australia in 2011.
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