ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Compared with many other countries New Zealand is relatively water-rich.

Detailed explanation-2: -Brazil is in the top position having the most amount of renewable water resources of 8, 233 km3, following by Russia, US, Canada and China.

Detailed explanation-3: -New Zealand has a relative abundance of water in its water cycle, coming from water evaporated from its surrounding major oceans then falling as precipitation in its hilly or mountainous interior. This then flows out to the lower land and the coasts in the rivers above ground and in the aquifers below.

Detailed explanation-4: -Around ⅓ of the water that New Zealand uses comes from groundwater aquifers. These aquifers are estimated to store 612 billion cubic meters of water. These aquifers provide high-quality drinking water.

Detailed explanation-5: -Dams and reservoirs can run low, especially in late summer, but generally water is freely available. Local councils administer the water supply and will let you know about any restrictions.