VCE Economics Past Exam Questions
Browse VCE Economics exam questions from 2015–2025, including VCE papers. Filter by topic, year and paper; open the original source.
Matching results: 404 indexed questions and parts.
Section A, Question 1
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Report-based difficulty · EasyAverage marks: 92% of available · official reportAnswered correctly: 92% · official report
Question 1 Economics is primarily concerned with the question of how A. limited human wants may be satisfied with the use of limited resources. B. unlimited human wants can be sati
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 2
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Report-based difficulty · EasyAverage marks: 79% of available · official reportAnswered correctly: 79% · official report
Question 2 Allocative efficiency occurs when A. there is a balance between the use of resources for current consumption and future investment. B. a smaller volume of resources is n
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 3
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Report-based difficulty · EasyAverage marks: 75% of available · official reportAnswered correctly: 75% · official report
Question 3 The price elasticity of demand for a product will be greater A. the larger the number of substitutes for the product. B. the flatter the industry supply curve for the pr
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 4
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Report-based difficulty · MediumAverage marks: 64% of available · official reportAnswered correctly: 64% · official report
Question 4 In the diagram below, the price of computers changes from P 1 to P 2 . Price ($) P 2 Market for computers Quantity of computers P1 Supply Which one of the following is t
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 5
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Report-based difficulty · MediumAverage marks: 68% of available · official reportAnswered correctly: 68% · official report
Question 5 The table below shows some labour market data for a hypothetical economy. Year Employed people (000s) Labour force (000s) 2023 200 300 2024 400 500 Based on this data, w
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 6
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Report-based difficulty · MediumAverage marks: 65% of available · official reportAnswered correctly: 65% · official report
Question 6 Which one of the following is not an aggregate supply factor influencing the level of economic activity? A. an increase in the price of crude oil B. disruptions to inter
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 7
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Report-based difficulty · EasyAverage marks: 77% of available · official reportAnswered correctly: 77% · official report
Question 7 Which one of the following best describes a regressive tax? A. a tax that takes proportionally less from low-income earners compared to high-income earners B. a tax that
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 8
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Report-based difficulty · EasyAverage marks: 80% of available · official reportAnswered correctly: 80% · official report
Question 8 Which one of the following is an example of an automatic stabiliser? A. an increase in marginal taxation rates to improve equity B. an increase in the cash rate by the R
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 9
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Report-based difficulty · MediumAverage marks: 63% of available · official reportAnswered correctly: 63% · official report
Question 9 The most likely outcome of the RBA increasing interest rates at the same time as the Australian Government is cutting its expenditure is A. a fall in aggregate demand bu
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 10
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Report-based difficulty · MediumAverage marks: 52% of available · official reportAnswered correctly: 52% · official report
Question 10 If the Australian economy was operating at a level close to capacity, policies that increase the level of aggregate demand would also be likely to increase A. employmen
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 11
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Report-based difficulty · EasyAverage marks: 80% of available · official reportAnswered correctly: 80% · official report
Question 11 Which one of the following is most likely to cause an appreciation in the value of the Australian dollar? A. a fall in global commodity prices B. a downgrade in Austral
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 12
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Report-based difficulty · EasyAverage marks: 76% of available · official reportAnswered correctly: 76% · official report
Question 12 Which one of the following best describes the role of speculators in influencing the value of the exchange rate? A. Speculators buy or sell currency based on expected f
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)How to use ClassConnect past exam questions
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