In​ 2019, national saving in Korea equaled 34.8 percent of​ GDP, and domestic investment equaled 30.0 percent of GDP. ​S

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answerhappygod
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In​ 2019, national saving in Korea equaled 34.8 percent of​ GDP, and domestic investment equaled 30.0 percent of GDP. ​S

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In​ 2019, national saving in Korea equaled 34.8 percentof​ GDP, and domestic investment equaled 30.0 percent ofGDP.
​Source: International Monetary​ Fund, "World EconomicOutlook​ Database," March 2021.
a. Calculate net foreign investment in Korea as a percentage ofGDP.
Net foreign investment in Korea as a percentage of GDP equals___ percent of GDP. ​(Enter your response rounded to onedecimal​ place.)
Part 2
b. Can we say with certainty whether in 2019 the Koreangovernment was running a surplus or a​ deficit?
A.
​No, to determine if the government was running a surplus ora​ deficit, we would need information on private saving.
B.
​No, we would need to know whether the country was exportingmore than it was​ importing, or vice​ versa, in order tomake this determination.
C.
​Yes, if we substitute the values above into the saving andinvestment​ equation, it yields a positive​ number,indicating the government was running a surplus.
D.
​Yes, if we substitute the values above into the saving andinvestment​ equation, it yields a negative​ number,indicating the government was running a deficit.
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