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 Consider the following hypothetical Consumer Price Index (CPI) data. Time period CPI Quarter 1 100 Quarter 2 101 Quarter 3 102 Quarter 4 103 The annualised rate of infla
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Question 6 A recession in Australia in conjunction with a depreciation of the Australian dollar is likely to lead to A. an increase in the volume of Australia’s imports and a decre
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Question 7 Which one of the following government policies will not lead to a long-term expansion of aggregate supply? A. lowering the company taxation rate B. increasing skilled mi
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Question 8 The ‘transmission mechanism’ refers to the way a change in interest rates affects economic activity. The transmission occurs via a number of channels. The channel that a
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Question 9 Consider the following information related to the labour market of a hypothetical economy. Year Population who are of working age (millions) Employed persons (millions)
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Question 10 If a large percentage fall in a product’s price causes a small percentage increase in the quantity demanded, then A. supply is price elastic. B. demand is price elastic
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Question 11 Consider the following CPI, GDP and unemployment rate data for a hypothetical economy over a two-year period. Year CPI (%) GDP Unemployment rate 1 2.9 3.5 4.5 2 2.1 2.0
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Question 12 When the Reserve Bank of Australia (RBA) sells government securities in the money market A. interest rates will decrease. B. the supply of money will decrease. C. there
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Question 13 Assume there is an increase in the childcare subsidy for low-income earners and an increase in the highest marginal income tax rate. What is the likely effect on the Gi
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Question 14 If a product became less popular, while at the same time increased costs of production caused the supply of the product to decrease, it can be concluded that, for this
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Question 15 Australia’s unemployment rate decreased from 6.4% in January 2015 to 5.8% in February 2016. The impact of this change on government tax receipts, government outlays and
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Question 1 (14 marks) 2000 2016 index 120 100 80 60 40 Australia’s terms of trade 2013/14 average = 100, log scale Source: adapted from ABS; RBA Chart Pack, ‘The Australian Economy
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