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(b)Question part (b)
b. Analyse, with reference to the cash flow transmission mechanism/channel and the exchange rate transmission mechanism/channel, how cuts in offi cial interest rates might operate
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c. Outline one possible negative impact on the economy associated with lowering the cash interest rate. 2 marks 2015 ECONOMICS EXAM 18
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Question 4 (14 marks) Budget aggregates 2014–2015 to 2016–2017 Estimates 2014 –2015 2015–2016 2016–2017 underlying cash balance ($b)(a) – 41.1 –35.1 –25.8 per cent of GDP –2.6 –2.1
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(a) excludes net Future Fund earnings Source: The Commonwealth of Australia 2015 a. Comparing the estimates in 2014 –2015 with 2015–2016, describe the change in the stance of budge
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b. Outline the likely impact on budgetary outlays and budgetary receipts if the rate of unemployment in Australia continues to rise in 2015–2016. 4 marks 2015 ECONOMICS EXAM 20 On
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c. i. Describe the link between government budget defi cits and the government/national debt. 2 marks 21 2015 ECONOMICS EXAM TURN OVER
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ii. Explain one reason why leaving ‘a legacy of debt’ may affect living standards. 2 marks
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d. Budgetary policy might operate to influence equity in the distribution of income. Select an example of a discretionary change in budgetary policy announced in the 2015–2016 Budg
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