Introduction to Economics Assignment | Homework For You

Three things that make New Zealand better” by Frank Chung and AAP is available at:
Access the article at the URL given above and answer the questions in the spaces below. Use full sentences and show all necessary working but do not use more space than is given here. Other references are not necessary but, if you do use any (for example, online economics glossaries) please list at least the URL of your source. Marks are shown and total [15].
(1) Bloxham claimed that New Zealand “was the fastest growing of the 34 OECD economies in the last year”. State the latest annual growth rate available for New Zealand and Australia and work out how many years it would take for New Zealand’s per capita GDP to overtake that of Australia’s? (State the source of your data and show your working)
(2) New Zealand is considered a rock star economy. Using the Income Accounting identity explain which sectors have performed well.
(3) The Closer Economic Relations (CER) deal signed by Australia and New Zealand is considered a key element of which type of economic policy consensus? Explain how this agreement has beneficial effects on the economy of the two countries and what are the others key points of this type of Economic thought. [5]
(4) Explain the effects of the mining boom on the Australian economy. Get Economics homework help today