| Indicator | New South Wales (NSW) | Tasmania (TAS) |
|---|---|---|
| Median weekly gross earnings (full-time) | $1,850 | $1,420 |
| Unemployment rate (%) | 3.6% | 4.9% |
| Average house price | $1,150,000 | $650,000 |
| Housing costs as a % of net household income | 38% | 24% |
| Life expectancy at birth (years) | 83.2 | 80.5 |
While nominal earnings and job opportunities are concentrated in the metropolitan powerhouse of New South Wales, the extreme cost of housing and urban congestion consume a substantial portion of household budgets. This high cost of living is accompanied by longer average daily commutes and density-related stress in major hubs like Sydney. In contrast, Tasmania offers a far lower cost of living, with significantly cheaper housing options and greater access to natural reserves, clean air, and wild spaces, which residents frequently highlight as core drivers of their quality of life. However, public investment in advanced healthcare facilities, high-speed regional transit, and specialized knowledge-sector jobs remains heavily centralized in New South Wales, restricting structural economic diversification and high-paying career pathways in Tasmania.
Using the data provided, to what extent, if at all, do the data suggest that people living in New South Wales (NSW) are better off than people living in Tasmania (TAS)?
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.