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 12
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 12 The labour force under-utilisation rate measures the A. unemployed as a percentage of the labour force. B. unemployed and underemployed as a percentage of the labour fo
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics examSection A, Question 13
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 13 Consider the following hypothetical Australian Government Budget figures. Item Amount (billions) total receipts $200 total outlays $175 net cash flows from investments
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics examSection A, Question 14
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 14 Which combination of aggregate supply policies will have a different overall effect on the goal of full employment than the other combinations given? A. an increase in
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics examSection A, Question 15
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 15 Which one of the following is the most likely to cause cost inflation? A. excess demand for goods and services B. the government reducing company tax rates C. expectati
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics examSection A, Question 15(d)Question part (d)
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
2020 ECONOMICS EXAM 6 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: 2020 Economics examSection B, Question 1
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Medium
Question 1 (16 marks) The lower cash rate has put downward pressure on the exchange rate, which is supporting activity across a range of industries. Source: statement by Philip Low
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics examSection B, Question 1(a)Question part (a)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 57.5% of available · official reportFull marks: 32% of students · official report
a. Describe how a lower cash rate in Australia puts downward pressure on the value of the exchange rate and how this might support activity across a range of industries. 4 marks In
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 1(b)Question part (b)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 58.3% of available · official reportFull marks: 24% of students · official report
b. Explain the likely impact of each of the following scenarios on Australia’s exchange rate. 6 marks • There is a favourable movement in the terms of trade. • There is a slowdown
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 1(c)Question part (c)
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Medium
c. Explain how downward pressure on Australia’s exchange rate might influence each of the following. 6 marks • Australia’s balance of payments on current account 9 2020 ECONOMICS E
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics examSection B, Question 2(a)Question part (a)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 50% of available · official reportFull marks: 21% of students · official report
a. Describe two economic reasons why the Australian Government might find it difficult to achieve a budget surplus in the short to medium term. 4 marks 11 2020 ECONOMICS EXAM d o n
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 2(b)Question part (b)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 52% of available · official reportFull marks: 15% of students · official report
b. Explain the role of automatic stabilisers in influencing aggregate demand and stabilising the business cycle in 2020. 5 marks 2020 ECONOMICS EXAM 12 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: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 2(c)Question part (c)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 61.7% of available · official reportFull marks: 18% of students · official report
c. Describe how two discretionary budgetary policy initiatives announced in either 2019 or 2020 might influence aggregate demand and the achievement of the domestic macroeconomic g
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportHow to use ClassConnect past exam questions
- Choose a target. Filter by subject, topic, year, sitting or paper.
- Attempt it first. Work under exam conditions before opening the original question.
- Review and repeat. Compare with the official source and examiner report where available; note what to practise next.
Browse without signing in. Topic matches are approximate, not official VCAA tags. Source indexing and difficulty labels do not verify a worked solution. Check current course requirements with your teacher; classconnect is not endorsed by VCAA.
Make practice count
Create a free accountSave your next step
Sign in to save worked questions to My Library. Plus members can build topic-based exam worksheets with separate answer sheets.