Interdependence of the Sectors

Achievement Standard 90199 - 1.6 Demonstrate understanding of the interdependence of sectors of the New Zealand economy.

Level 1	Credits 3	Assessment Internal
Assessment Criteria
This achievement standard involves demonstrating understanding of the interdependence of sectors of the New Zealand economy.

Achieve	Merit	Excellence
Demonstrate understanding of the interdependence of sectors of the New Zealand economy.	Demonstrate in-depth understanding of the interdependence of sectors of the New Zealand economy.	Demonstrate comprehensiveunderstanding of the interdependence of sectors of the New Zealand economy.

Definitions:

Interdependence refers to the two-way relationships that exist between different sectors.

Sectors of the New Zealand economy refer to the household, producer (primary, secondary and tertiary), financial, government, and overseas sectors.

Demonstrate understanding would typically involve:

identifying, defining or describing sectors and flows
providing an explanation of how or why sectors are interdependent
providing an explanation of the impact of an event on a sector and/or the flow-on effects to other sectors
constructing an economic model (e.g. to show interdependence, the effect of an event on a sector, or flow-on effects to other sectors).

Demonstrate in-depth understanding would typically involve:

providing a detailed explanation of how or why sectors are interdependent, using an economic model
providing a detailed explanation of the impact of an event on a sector and/or the flow-on effects to other sectors, using an economic model.

Demonstrate comprehensive understanding would typically involve:providing a detailed explanation of how or why sectors are interdependent, using an economic model

linking detailed explanations of the impact of an event on a sector with detailed explanations of the flow-on effects to other sectors, using an economic model.