📊 Part 1: Understanding Economic Indicators

1. Which economic indicator measures the total value of all goods and services produced in New Zealand?

Unemployment rate

Gross Domestic Product (GDP)

Inflation rate

Interest rate

2. If New Zealand's unemployment rate increases from 3.5% to 4.2%, this means:

More people have found jobs

Fewer people are looking for work

More people are seeking work but cannot find it

The economy is definitely improving

3. Which of the following are examples of inflation? (Select all that apply)

Petrol prices rising from $2.50 to $2.80 per litre

House prices decreasing by 5%

Grocery bills increasing over time

Wages staying the same while prices rise

4. Complete the sentence: When GDP grows, it generally indicates that the economy is _______________.

Answer: _________________________

📈 Part 2: Analysing New Zealand Economic Data

5. Look at the economic data trends below and explain what each indicator tells us about New Zealand's economy:

GDP Growth: 2.1% increase over the past year

Unemployment Rate: Currently at 3.4% (down from 4.1% last year)

Inflation Rate: Currently at 6.2% (up from 1.8% two years ago)

6. How might rising inflation affect New Zealand families' everyday lives? Give two specific examples.

🤔 Part 3: Critical Thinking and Real-World Applications

7. Scenario: New Zealand's inflation rate suddenly jumps to 8%. What actions might the following groups take? Explain your reasoning.

Families and consumers:

Businesses:

The New Zealand Government:

8. Why is it important for New Zealand citizens to understand economic indicators? Write a paragraph explaining your view.

9. Choose ONE economic indicator (GDP, unemployment, or inflation) and explain how changes in this indicator could particularly affect Māori or Pasifika communities in New Zealand.

Economic Indicators Analysis

Economic Indicators Analysis

📊 Part 1: Understanding Economic Indicators

📈 Part 2: Analysing New Zealand Economic Data

🤔 Part 3: Critical Thinking and Real-World Applications

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