(a)
- Calculate and compare how the trade balance changed from 2008–9 to 2012–13 in the Northern Territory and in Australia. [4]
- Explain why exports and imports are frequently recorded at constant prices. [2]
(b)[4]
Explain two additional pieces of information that would help when judging Australia’s international financial position.
(c)[4]
Analyse the change in average weekly earnings in Australia in real terms from 2008–9 to 2012–13.
(d)[6]
With the aid of the text and the table, discuss the economic outlook for the Northern Territory.