Question: Explain whether the statement is true, false or uncertain. Justify your selection. The saving rate (gross domestic saving as a % of GDP) in Singapore,

Explain whether the statement is true, false or uncertain. Justify your selection.

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.

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