Demonstrate understanding of macro-economic influences on the New Zealand economy

What this standard covers

• The current state of the economy against the four macro-economic goals
• The circular flow model, and leakages against injections
• The AD/AS model, full employment and the output gaps
• Calculating and applying the spending multiplier
• Monetary, fiscal, supply side and trade policy, and the exchange rate

Past exam papers

The three most recent years. Every link opens on the NZQA website.