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 13
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Report-based difficulty · EasyAverage marks: 93% of available · official reportAnswered correctly: 93% · official report
Question 13 Australia’s Net Foreign Debt (NFD) consists of A. foreign ownership of Australian companies and property. B. the total value of Australian exports minus imports. C. loa
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 14
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Report-based difficulty · MediumAverage marks: 43% of available · official reportAnswered correctly: 43% · official report
Question 14 A country has an import prices index of 100 and an export prices index of 200. The value of the terms of trade index for that country would be A. 200 B. 2 C. 100 D. 0.5
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 15
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Report-based difficulty · EasyAverage marks: 90% of available · official reportAnswered correctly: 90% · official report
Question 15 A decrease in tariffs on imported goods will lead to a A. rise in the price of imports and an increase in the quantity of imports. B. rise in the price of imports and a
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 15(d)Question part (d)
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Estimated difficulty · Easy
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Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB)Section B, Question 1(a)Question part (a)
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 53% of students · official report
a. Outline the characteristics of public goods. 2 marks
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Report-based difficulty · MediumAverage marks: 46.7% of available · official reportFull marks: 26% of students · official report
b. Using an example, explain why the direct provision of a good or service may address market failure. 3 marks
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Estimated difficulty · Medium
Question 2 (6 marks) price (USD) Global market for coffee beans quantity (millions of bags) Q1 50 100 150 200 250 300 Q 2 D 1 D 2 S1 S2 E2 E1
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Report-based difficulty · MediumAverage marks: 66.7% of available · official reportFull marks: 39% of students · official report
a. With reference to two non-price factors, explain the movement in the global equilibrium market price and quantity for coffee beans shown in the demand and supply graph above. 3
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Report-based difficulty · MediumAverage marks: 43.3% of available · official reportFull marks: 23% of students · official report
b. Explain why, over time, the price elasticity of supply for coffee beans is likely to change. 3 marks
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section B, Question 3
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Estimated difficulty · Medium
Question 3 (14 marks) Question 3 continues on the next page.
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB)Section B, Question 3(a)Question part (a)
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Report-based difficulty · EasyAverage marks: 75% of available · official reportFull marks: 58% of students · official report
a. Achieving strong and sustainable economic growth is one of the goals of the Australian Government. Outline what is meant by ‘strong and sustainable’ for this economic goal of th
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section B, Question 3(b)Question part (b)
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Report-based difficulty · MediumAverage marks: 56.7% of available · official reportFull marks: 19% of students · official report
b. The equation for aggregate demand (AD) comes from the five-sector circular flow of income model. AD = C + I + G + X – M Explain why, when calculating the total value of AD, the
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)How to use ClassConnect past exam questions
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