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 B, Question 2(d)Question part (d)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 41.7% of available · official reportFull marks: 7% of students · official report
d. Evaluate the effectiveness of monetary policy in 2020 in achieving the Australian Government’s domestic macroeconomic goal of full employment. 6 marks 2020 ECONOMICS EXAM 14 d o
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 3(a)Question part (a)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 52.5% of available · official reportFull marks: 16% of students · official report
a. Explain the relationship between an efficient allocation of resources and aggregate supply. 4 marks 15 2020 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: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 3(b)Question part (b)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 61.7% of available · official reportFull marks: 12% of students · official report
b. Explain how the following aspects of budgetary policy might influence aggregate supply and the achievement of strong and sustainable economic growth. 6 marks • Spending on train
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 4(a)Question part (a)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · EasyAverage marks: 80% of available · official reportFull marks: 58% of students · official report
a. Explain the nature of, and conditions for, a perfectly competitive market. 3 marks 17 2020 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: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 4(b)Question part (b)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 58% of available · official reportFull marks: 18% of students · official report
b. In a competitive market, explain how an increase in demand for a product might result in a change in relative prices, and explain how this would influence resource allocation an
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 4(c)Question part (c)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 60% of available · official reportFull marks: 32% of students · official report
c. Describe one strength and one weakness associated with the use of the market to allocate resources. 4 marks 19 2020 ECONOMICS EXAM d o n o t w r i t e i n t h i s a r e a TURN O
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection B, Question 4(d)Question part (d)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 58.3% of available · official reportFull marks: 22% of students · official report
d. Using a fully labelled demand and supply diagram, explain how the Australian Government could correct a market failure. 6 marks
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2020 Economics exam · Report: 2020 Economics exam reportSection A, Question 1
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 1 The international competitiveness of a nation would improve if A. its currency appreciated. B. labour productivity increased. C. real unit labour costs (RULC) increased.
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2019 Economics examSection A, Question 2
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 2 Daphne can make either three dresses or nine shirts per hour. For Daphne, the opportunity cost of making an extra dress is A. one-third of a shirt. B. one-third of a dre
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2019 Economics examSection A, Question 3
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 3 One weakness of budgetary policy compared with monetary policy is that budgetary policy A. may be subject to political constraints. B. can target certain parts of the ec
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2019 Economics examSection A, Question 4
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 4 An increase in the labour force participation rate is most likely to A. increase productivity. B. increase productive capacity. C. decrease government revenue. D. increa
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2019 Economics examSection A, Question 4(d)Question part (d)
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
3 2019 ECONOMICS EXAM TURN OVER
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2019 Economics examHow 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.