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Economic growth · Part 3 of 3
6 exam-style questions with model answers, plus 9 quick multi-choice questions — every question on this part of the standard, grouped by the 2 pages of notes they come from.
Write a full answer before you reveal the model one. That comparison is where the learning happens.
Explain the impact of an increase in economic growth on government revenue and on government expenditure.
Explain in detail how economic growth concentrated in one New Zealand region affects regional growth rates and the distribution of income within that region.
A large new development brings substantial economic growth to a New Zealand town.
Compare and contrast the advantages and disadvantages of this growth for (i) working families living in the town and (ii) the local and central government. Give a reasoned judgement about whether the town's residents are made better off.
Explain one way in which economic growth can damage the New Zealand environment, and one way in which economic growth can help it.
Explain in detail why environmental damage caused by economic growth should be regarded as an economic problem for New Zealand, not only an environmental one. Refer to the production possibility frontier in your answer.
A new industry would raise New Zealand's economic growth substantially but would increase greenhouse gas emissions and pressure on water resources.
Compare and contrast the impact on economic growth and on the environment, and give a reasoned judgement about whether the industry should be permitted.