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 6
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Report-based difficulty · MediumAverage marks: 53% of available · official reportAnswered correctly: 53% · official report
Question 6 Which one of the following goods and services is likely to have the highest price elasticity of demand? A. cigarettes B. haircuts C. soft drinks D. international travel
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Report-based difficulty · DifficultAverage marks: 39% of available · official reportAnswered correctly: 39% · official report
Question 7 How could the 2022–23 Australian Government budget deficit be financed? A. by increasing company tax rates B. by reducing welfare spending C. by selling government bonds
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Report-based difficulty · MediumAverage marks: 60% of available · official reportAnswered correctly: 60% · official report
Question 8 A depreciation of the Australian dollar is most likely to be caused by an increase in A. Australia’s terms of trade. B. foreign travel expenditure by Australians. C. the
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Estimated difficulty · Easy
2022 ECONOMICS EXAM 4 d o n o t w r i t e i n t h i s a r e a
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Report-based difficulty · MediumAverage marks: 53% of available · official reportAnswered correctly: 53% · official report
Question 9 Consider the following data for a hypothetical economy. $ billion Government spending 20 Imports 55 Taxation receipts 25 Private investment 15 Exports 65 Savings 30 Usin
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Report-based difficulty · MediumAverage marks: 50% of available · official reportAnswered correctly: 50% · official report
Question 10 Which one of the following international transactions would be recorded as a primary income debit in the current account section of Australia’s balance of payments? A.
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Report-based difficulty · MediumAverage marks: 67% of available · official reportAnswered correctly: 67% · official report
Question 11 Australia’s current account balance is likely to worsen if A. China’s rate of economic growth decreases. B. there is an increase in Australia’s national savings. C. the
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Report-based difficulty · EasyAverage marks: 81% of available · official reportAnswered correctly: 81% · official report
Question 12 If an economy moved into the contraction phase of the business cycle, which combination of outcomes would result? A. an increase in interest rates and a decrease in the
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Report-based difficulty · MediumAverage marks: 67% of available · official reportAnswered correctly: 67% · official report
Question 13 Which one of the following Australian Government policy initiatives is the least likely to increase both aggregate demand and aggregate supply? A. higher childcare reba
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Report-based difficulty · EasyAverage marks: 82% of available · official reportAnswered correctly: 82% · official report
Question 14 The international competitiveness of a country is most likely to fall if A. labour productivity decreases. B. real unit labour costs decrease. C. its currency can buy l
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Report-based difficulty · MediumAverage marks: 63% of available · official reportAnswered correctly: 63% · official report
Question 15 Which one of the following would not be classified as a direct tax in the Australian Government’s federal budget? A. company tax B. capital gains tax C. goods and servi
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Estimated difficulty · Easy
2022 ECONOMICS EXAM 6 d o n o t w r i t e i n t h i s a r e a
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