4. Translate the following sentences using words and phrases studied, and a dictionary if necessary.

1. За останні 25 років економіка Нової Зеландії пройшла шлях від однієї з найбільш регульованої до однієї з найменш регульованих.

2. Час – безцінна річ.

3. Сільське господарство, садівництво, риболовство, лісове господарство та гірництво складають до половини експорту країни.

4. Відкритий ринок – це необмежений ринок з вільним доступом та конкуренцією продавців і покупців.

5. Економічний спад – це період меншої економічної активності.

6. Цього року продаж автомобілів постійно зростає.

7. Наш проект розроблений, щоб доповнювати, а не замінювати.

8. Країна кілька років поспіль займала перше місце за прозорістю управління та відсутністю корупції.

9. Це була спроба підвищити популярність міністра.

10. З ростом економіки приходить перспектива більш заможного майбутнього.

5. Read and translate the following text. New Zealand – Unique Land

New Zealand is an island country in the southwestern Pacific Ocean. The country geographically comprises two main landmasses ‒ that of the North and South Islands ‒ and numerous smaller islands. New Zealand is situated some 1,500 kilometres (900 mi) east of Australia across the Tasman.

New Zealand has a modern, prosperous and developed market economy. Over the last 25 years New Zealand’s economy has gone from being one of the most regulated to one of the least regulated.

However, New Zealand is heavily dependent on international trade, particularly in agricultural products. Exports account for a high 24% of its output, making New Zealand vulnerable to international commodity prices and global economic slowdowns. Its principal export industries are agriculture, horticulture, fishing, forestry and mining, which make up about half of the country's exports. Its major export partners are China, Hong Kong, Australia, the United States, Japan and the United Kingdom.

Historically, extractive industries have contributed strongly to New Zealand's economy, focusing at different times on sealing, whaling, flax, gold, kauri gum and native timber. Fertile soil and excellent growing conditions coupled with sophisticated farming methods and advanced agricultural technology provide the ideal environment for pastoral, forestry and horticulture activities.

Wool was historically New Zealand’s major agricultural export but since 1960s its price has steadily dropped relative to other commodities and wool is no longer profitable for many farmers. In contrast dairy farming has increased to become New Zealand's largest export earner. New Zealand is one of the top five dairy exporters in the world. The country's largest company, Fonterra, controls almost one-third of the international dairy trade. Horticultural products have become increasingly important, with the principal crops being wine and kiwifruit. Other significant export products include apples and pears, fresh and processed vegetables, and seeds. New Zealand's wine industry has followed a similar trend to dairy overtaking wool exports.

Complementing New Zealand’s highly efficient agricultural sector are sizable manufacturing and service sectors. New Zealand has significant natural energy resources, with good reserves of coal, natural gas and oil/condensate, extensive geothermal fields and geography and climate which have supported substantial hydro-electric development. The main minerals mined, in addition to coal, are gold, silver, iron sands, various industrial minerals and gravel for construction.

Leading manufacturing sectors are food processing, metal fabrication, and wood and paper products. Some manufacturing industries, such as car assembly, have completely disappeared, and manufacturing's importance in the economy is in a general decline.

Since 1984, successive governments have engaged in major macroeconomic restructuring, moving an agrarian economy toward a more industrialised, free market economy that can compete globally. This growth has boosted real incomes, broadened and deepened the technological capabilities of the industrial sector.

The service sector is the largest sector in the economy, followed by manufacturing and construction and then farming and raw material extraction. Tourism plays a significant role in New Zealand's economy, contributing $15.0 billion to New Zealand’s total GDP and supporting almost 10%of the total workforce. The country’s scenery, natural environment and a range of outdoor activities make New Zealand a popular tourist destination.