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Unemployment · 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 rising unemployment on the government's revenue and expenditure.
Explain in detail why unemployment is a cost to the New Zealand economy as a whole, not just to the people who are unemployed. Refer to an economic model in your answer.
Unemployment in New Zealand rises sharply, and the increase is concentrated among young workers and in one region.
Compare and contrast the impacts on young workers and on workers aged over 45 in that region, and give a reasoned judgement about which group the government should prioritise.
Name the three economic models used to explain unemployment, and state what each one shows about unemployment that the other two cannot.
Explain in detail what it means to integrate the changes shown on an economic model into an explanation, and why an explanation that does not do this asserts a cause rather than demonstrating one.
You are writing a report on a period when New Zealand's unemployment rate rose.
Explain how you would structure the report, and compare and contrast a report that describes each thing thoroughly with one that analyses.