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(c)Question part (c)
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Report-based difficulty · MediumAverage marks: 62.5% of available · official reportFull marks: 26% of students · official report
c. Identify one example of a discretionary budgetary policy announced in the 2016–2017 Budget, and examine how this policy might influence living standards and long-term economic p
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Report-based difficulty · EasyAverage marks: 75% of available · official reportFull marks: 61% of students · official report
d. Outline one factor that may have influenced the operation of the Reserve Bank of Australia’s (RBA) monetary policy stance during 2016. 2 marks 2016 ECONOMICS EXAM 18
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Report-based difficulty · MediumAverage marks: 56.7% of available · official reportFull marks: 14% of students · official report
e. Describe how budgetary and monetary policies have operated in the policy mix in 2016 to influence aggregate demand and the rate of economic growth. 6 marks 19 2016 ECONOMICS EXA
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Estimated difficulty · Medium
Question 4 (12 marks) The Australian Government ‘faces a growing jobs challenge as the number of people trapped in long-term unemployment hits a 16-year high …’ Source: Matt Wade,
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Report-based difficulty · MediumAverage marks: 60% of available · official reportFull marks: 34% of students · official report
a. Outline one economic factor that might explain why long-term unemployment has increased in Australia over recent years. 2 marks 2016 ECONOMICS EXAM 20
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 31% of students · official report
b. Describe the likely effect of being long-term unemployed on both equity of income distribution and living standards. 4 marks 21 2016 ECONOMICS EXAM TURN OVER
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Report-based difficulty · MediumAverage marks: 56.7% of available · official reportFull marks: 14% of students · official report
c. Using one example, explain how budgetary policy might be used to increase the labour force participation rate and, using another example, explain how budgetary policy might be u
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Estimated difficulty · Easy
Question 1 An increase in the demand for aged-care facilities is most likely to occur when there is A. an increase in average life expectancy. B. an increase in the wages paid to s
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Estimated difficulty · Easy
Question 2 A less favourable movement in the terms of trade means that A. export prices and import prices have fallen. B. export prices and import prices have risen. C. export pric
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Estimated difficulty · Easy
Question 3 The effect on the market for product A of a rise in the price of a substitute product B will be to A. shift the demand curve left and decrease the equilibrium price of p
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Estimated difficulty · Easy
Question 4 Which one of the following measures is not considered an indicator when assessing whether Australia’s economic goal of external stability has been achieved? A. the trend
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Estimated difficulty · Easy
3 2015 ECONOMICS EXAM TURN OVER
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