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 5
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Question 5 Which one of the following budgetary policy initiatives is least likely to increase aggregate supply in the economy? A. an increase in the skilled migration program B. i
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2019 Economics examSection A, Question 6
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Question 6 A maximum price set below the equilibrium price will cause greater shortages if A. both demand and supply are price inelastic. B. both demand and supply are price elasti
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Question 7 As the world economy slows, the Australian Government’s budget outcome may A. deteriorate as demand for Australian exports decreases. B. improve as employment in Austral
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Question 8 Which one of the following is a supply-side solution to electricity shortages? A. requesting industries to reduce their production during heatwaves B. electricity compan
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Question 9 If a severe drought affected this year’s wheat harvest, what would be the effect on the equilibrium price and equilibrium quantity of wheat? A. The equilibrium price and
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Question 10 The effect of a fall in the price of a complementary Product Y on the market for Product X will be to A. shift the demand curve right and increase the equilibrium price
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Question 11 Countries around the world have debated the introduction of a ‘sugar tax’ to combat rising rates of childhood obesity and to educate consumers about the problems associ
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Question 12 A contractionary stance in monetary policy by the Reserve Bank of Australia (RBA) could be achieved by A. selling Commonwealth Government Securities to increase cash in
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Question 13 Consider the following information for a hypothetical economy. total population 100 million employed persons 70 million unemployed persons 10 million underemployed pers
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Question 14 A hypothetical economy recorded a balance of payments on current account of −$12 075 million in the September 2018 quarter and then −$3510 million in the December 2018
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Question 15 In terms of achieving an efficient allocation of resources, the need for balancing current and future consumption relates to A. dynamic efficiency. B. allocative effici
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Question 1 (12 marks) 2017 2015 2013 2019 –10 –5 0 5 10 15 % Australia’s housing prices year-ended growth, seasonally adjusted Source: adapted from ABS; RBA Chart Pack, ‘The Austra
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