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 A, Question 4
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Report-based difficulty · MediumAverage marks: 53% of available · official reportAnswered correctly: 53% · official report
Question 4 Consider the following data showing the Consumer Price Index (CPI) for a number of quarters in a hypothetical economy. Quarter CPI June 2020 110.0 Sept. 2020 110.7 Dec.
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Report-based difficulty · EasyAverage marks: 86% of available · official reportAnswered correctly: 86% · official report
Question 5 The opportunity cost of building a new road network could be A. increased noise pollution. B. a reduction in public transport usage. C. the inability to adequately fund
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Report-based difficulty · MediumAverage marks: 57% of available · official reportAnswered correctly: 57% · official report
Question 6 The removal of a 5% tariff on imported cars would result in a shift of A. the supply curve for cars to the left and a higher equilibrium price. B. the supply curve for c
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Report-based difficulty · MediumAverage marks: 66% of available · official reportAnswered correctly: 66% · official report
Question 7 Expansionary monetary policy is most likely to be maintained if the A. Australian Government is still running a budget deficit. B. value of the Australian dollar is belo
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Estimated difficulty · Easy
2021 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 · EasyAverage marks: 79% of available · official reportAnswered correctly: 79% · official report
Question 8 Which one of the following policies would not be considered an example of an aggregate supply policy? A. a reduction in interest rates B. a reduction in company tax rate
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Report-based difficulty · EasyAverage marks: 71% of available · official reportAnswered correctly: 71% · official report
Question 9 Which one of the following is not a likely effect of trade liberalisation? A. a decrease in structural unemployment in the short term B. an incentive for domestic firms
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Report-based difficulty · MediumAverage marks: 48% of available · official reportAnswered correctly: 48% · official report
Question 10 Which one of the following goods is not likely to be considered a public good? A. a fireworks display B street lighting C. healthcare services D. free-to-air TV broadca
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Report-based difficulty · EasyAverage marks: 70% of available · official reportAnswered correctly: 70% · official report
Question 11 Which one of the following is not a role of the RBA? A. adjusting tax rates B. issuing Australia’s bank notes C. managing foreign currency reserves D. providing special
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Report-based difficulty · MediumAverage marks: 57% of available · official reportAnswered correctly: 57% · official report
Question 12 Consider the following data for a hypothetical economy. employed persons 11 million unemployed persons 1 million persons not in the labour force but of working age (ove
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Report-based difficulty · MediumAverage marks: 66% of available · official reportAnswered correctly: 66% · official report
Question 13 A reduction in the cash rate is likely to result in A. an increase in the value of the Australian dollar and a lower inflation rate. B. a decrease in the value of the A
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2021 Economics exam · Report: 2021 Economics exam reportSection A, Question 14
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Report-based difficulty · EasyAverage marks: 89% of available · official reportAnswered correctly: 89% · official report
Question 14 The diagram below shows the market for alcohol. price of alcohol quantity of alcohol D A B C S 2 S 1 D 2 D 1 A successful advertising campaign designed to inform the pu
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