In 2019, national saving in Korea equaled 34.8 percent of GDP, and domestic investment equaled 30.0 percent of GDP. S
Posted: Sun Jul 03, 2022 6:56 am
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.
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.