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activities assets average balance of payments benefits changes chapter competitive costs countries current account dairy deficit demand Department of Statistics deregulation dollar earnings economic effect employment exchange rate expenditure exports farm farmers Figure fixed exchange rate foreign exchange funds Gross Domestic Product groups growth income increase indicates Industrial Relations inflationary inputs interest rates intermediate consumption investment labour market livestock major manufacturing Massey University measures meat monetarism monetarist monetary aggregate monetary base monetary policy money stock National North Island Official Yearbook OOO's operating organisations output overseas pastoral percent percentage period population price level private sector profits public sector reduce relative Reserve Bank result revenue sheep sixth form certificate social Source specific structure subsidies supply Table terms of trade Total transactions transmission mechanism trend Unemployed unions wage wool workers Zealand dollar Zealand economy