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 1(d)Question part (d)
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Report-based difficulty · EasyAverage marks: 80% of available · official reportFull marks: 50% of students · official report
d. Select one of the following aspects of budgetary policy: • spending on training and education • research and development grants • subsidies Explain how increased funding on this
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Estimated difficulty · Medium
Question 2 (9 marks) Below is a schedule of demand and supply for strawberries during one week in the summer of 2016. Price (per punnet) Quantity demanded (no. of punnets) Quantity
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Report-based difficulty · EasyAverage marks: 90% of available · official reportFull marks: 81% of students · official report
a. Construct a demand and supply curve diagram using the data in the table. Ensure all aspects of the graph are labelled appropriately. 3 marks 11 2017 ECONOMICS EXAM TURN OVER
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Report-based difficulty · EasyAverage marks: 95% of available · official reportFull marks: 86% of students · official report
b. Assuming the market for strawberries is a perfectly competitive market, identify the equilibrium price and quantity traded, and explain what is meant by ‘equilibrium’. 2 marks
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Report-based difficulty · EasyAverage marks: 90% of available · official reportFull marks: 83% of students · official report
c. Assume that during the summer there was a period of unseasonably cold weather and the output of strawberries was negatively affected. Draw this scenario on the graph in part a.,
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Report-based difficulty · EasyAverage marks: 80% of available · official reportFull marks: 63% of students · official report
d. Explain the adjustment to the equilibrium price and quantity. 2 marks 2017 ECONOMICS EXAM 12
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Estimated difficulty · Medium
Question 3 (28 marks) Treasurer Scott Morrison stated in his 2016–2017 Budget speech that the Australian Government has a ‘plan for jobs and growth’.
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Report-based difficulty · MediumAverage marks: 52.5% of available · official reportFull marks: 21% of students · official report
a. Describe the 2016–2017 performance of the Australian economy in terms of ‘jobs and growth’. 4 marks 13 2017 ECONOMICS EXAM TURN OVER
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Report-based difficulty · MediumAverage marks: 62.5% of available · official reportFull marks: 23% of students · official report
b. Select one of the following aggregate supply policies: • welfare reform policy • tax reform policy • immigration policy Explain how this policy might be implemented to increase
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Report-based difficulty · MediumAverage marks: 60% of available · official reportFull marks: 18% of students · official report
c. Select an aggregate supply policy from the list in part b. You may use the same policy that you selected in part b. or a different policy from the list. Outline one strength and
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Report-based difficulty · MediumAverage marks: 45% of available · official reportFull marks: 8% of students · official report
d. Explain how aggregate demand policies have influenced ‘jobs and growth’ in 2016–2017. 8 marks 15 2017 ECONOMICS EXAM TURN OVER 2017 ECONOMICS EXAM 16
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Report-based difficulty · MediumAverage marks: 63.8% of available · official reportFull marks: 16% of students · official report
e. Evaluate one strength and one weakness of using each of budgetary policy and monetary policy in achieving increased ‘jobs and growth’. 8 marks 2017 ECONOMICS EXAM TURN OVER 2017
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