In 2008, the Population of New Zealand Was Approximately 4,275,000

question 55

Multiple Choice

In 2008, the population of New Zealand was approximately 4,275,000 people. If the birth rate was 14 births for every 1,000 people, approximately how many births occurred in New Zealand in 2008?

• A) 6,000
• B) 42,275
• C) 59,850
• D) 140,000

---

Definitions:

Real Exchange Rate

The price of one country's currency in terms of another currency, adjusted for inflation, which reflects the purchasing power between the two countries.

Surplus

The situation in which the quantity of a good or service supplied is more than the quantity demanded.

Import Quotas

Restrictions set by a government on the quantity of goods that can be imported into a country.

Net Exports

The value of a country's total exports minus its total imports, representing the net effect of foreign trade on an economy.