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.
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Section B, Question 4(a)Question part (a)
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Report-based difficulty · MediumAverage marks: 60% of available · official reportFull marks: 31% of students · official report
a. Explain two non-price factors that might explain why house prices have fallen. 4 marks 17 2023 ECONOMICS EXAM D O N O T W R I T E I N T H I S A R E A TURN OVER
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection B, Question 4(b)Question part (b)
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Report-based difficulty · MediumAverage marks: 47.5% of available · official reportFull marks: 22% of students · official report
b. Construct a fully labelled demand and supply diagram and use it to analyse how one non-price factor will cause a leftward movement along the demand curve for new houses, resulti
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection B, Question 4(c)Question part (c)
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Report-based difficulty · MediumAverage marks: 50% of available · official reportFull marks: 20% of students · official report
c. Explain one type of market failure that may be associated with the construction of new housing. 3 marks 19 2023 ECONOMICS EXAM D O N O T W R I T E I N T H I S A R E A TURN OVER
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection B, Question 4(d)Question part (d)
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Report-based difficulty · MediumAverage marks: 45% of available · official reportFull marks: 14% of students · official report
d. With reference to the asset prices and wealth channel of monetary policy, explain why the fall in house prices might have a negative effect on aggregate demand and the achieveme
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection B, Question 5(a)Question part (a)
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Report-based difficulty · MediumAverage marks: 43.3% of available · official reportFull marks: 18% of students · official report
a. Explain how aggregate supply policies might be used to complement aggregate demand policies to promote non-inflationary economic growth. 3 marks 21 2023 ECONOMICS EXAM D O N O T
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection B, Question 5(b)Question part (b)
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Report-based difficulty · MediumAverage marks: 62.5% of available · official reportFull marks: 23% of students · official report
b. Explain how an increase in skilled migration might affect productivity and Australia’s international competitiveness. 4 marks 2023 ECONOMICS EXAM 22 D O N O T W R I T E I N T H
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection A, Question 1
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Report-based difficulty · MediumAverage marks: 63% of available · official reportAnswered correctly: 63% · official report
Question 1 Which one of the following is likely to be classified as structural unemployment? A. a person who loses their job as a tour operator due to a recession B. a person who l
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2022 Economics exam · Report: 2022 Economics exam reportSection A, Question 2
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Report-based difficulty · DifficultAverage marks: 39% of available · official reportAnswered correctly: 39% · official report
Question 2 A movement along the supply curve for broccoli is most likely to have been caused by A. a shortage of skilled farm workers. B. a decrease in the price of fertiliser. C.
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Report-based difficulty · MediumAverage marks: 57% of available · official reportAnswered correctly: 57% · official report
Question 3 Which one of the following reasons is most likely to explain why the unemployment rate in a country remains high despite strong rates of economic growth? A. a fall in th
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2022 Economics exam · Report: 2022 Economics exam reportSection A, Question 4
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Report-based difficulty · MediumAverage marks: 69% of available · official reportAnswered correctly: 69% · official report
Question 4 Which one of the following factors is likely to have a different effect on Australia’s rate of economic growth than the others? A. an increase in the cash rate B. an inc
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2022 Economics exam · Report: 2022 Economics exam reportSection A, Question 4(d)Question part (d)
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Estimated difficulty · Easy
3 2022 ECONOMICS EXAM TURN OVER d o n o t w r i t e i n t h i s a r e a
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2022 Economics examSection A, Question 5
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Report-based difficulty · EasyAverage marks: 73% of available · official reportAnswered correctly: 73% · official report
Question 5 Consider the following data for a hypothetical economy. Quarter Real GDP ($ billion) June 2021 50 September 2021 56 December 2021 57 March 2022 40 June 2022 48 Using thi
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2022 Economics exam · Report: 2022 Economics exam reportHow to use ClassConnect past exam questions
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