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 B, Question 3(d)Question part (d)
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Report-based difficulty · MediumAverage marks: 62.5% of available · official reportFull marks: 30% of students · official report
d. Select one example of a welfare or taxation reform policy that has been implemented in Australia in 2018 or 2019, or that has been announced for implementation in the future, an
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Report-based difficulty · MediumAverage marks: 52.5% of available · official reportFull marks: 20% of students · official report
e. Describe one strength and one weakness of using aggregate supply policies to achieve the Australian Government’s domestic macroeconomic goal of full employment. 4 marks 2019 ECO
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Estimated difficulty · Medium
Question 4 (10 marks) Growth in Australia’s major trading partners is expected to slow slightly over the next couple of years. Further US–China tariff measures came into effect in
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Report-based difficulty · EasyAverage marks: 76.7% of available · official reportFull marks: 45% of students · official report
a. Distinguish between trade liberalisation and barriers to trade. 3 marks 19 2019 ECONOMICS EXAM TURN OVER
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Report-based difficulty · MediumAverage marks: 66.7% of available · official reportFull marks: 47% of students · official report
b. Explain one way in which a decline in the rate of economic growth of Australia’s major trading partners may influence either Australia’s balance of payments on current account o
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Report-based difficulty · MediumAverage marks: 50% of available · official reportFull marks: 19% of students · official report
c. Assume Australia experiences an unfavourable movement in the terms of trade across a two-year period. Explain how this scenario might affect Australia’s domestic macroeconomic g
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Estimated difficulty · Easy
Question 1 The type of unemployment caused by technological change is known as A. cyclical unemployment. B. frictional unemployment. C. structural unemployment. D. hard-core unempl
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Estimated difficulty · Easy
Question 2 Expansionary monetary policy is most likely to cause A. a decrease in welfare payments. B. an appreciation of the Australian dollar. C. a reduction in the rate of econom
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Estimated difficulty · Easy
Question 3 S0 S1 D 1 D 0 B H A E C price of hats quantity of hats per period A health warning stating that wearing a hat reduces skin cancer would be likely to change the equilibri
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Estimated difficulty · Easy
3 2018 ECONOMICS EXAM TURN OVER
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2018 Economics examSection A, Question 4
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Estimated difficulty · Easy
Question 4 Of the following policy initiatives, which one is least likely to increase aggregate supply in the economy? A. increased government spending on infrastructure B. increas
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Estimated difficulty · Easy
Question 5 The payment of dividends to overseas shareholders will appear in the balance of payments as a A. credit in the capital and financial account. B. debit in the capital and
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