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 B, Question 7(a)Question part (a)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 58% of available · official reportFull marks: 14% of students · official report
a. There has been considerable concern expressed in the Australian economy about housing affordability and homelessness, resulting from excessive rents and a lack of housing stock.
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section B, Question 7(b)Question part (b)
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 62.5% of available · official reportFull marks: 22% of students · official report
b. Discuss how one market-based environmental policy affects intertemporal efficiency in Australia over time. 4 marks Extra space for responses Clearly number all responses in this
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2025 VCE Economics examination (PDF, 375.56 KB) · Report: 2025 VCE Economics external assessment report (DOCX, 117.06 KB)Section A, Question 1
Source index checked · not an answer check
Working not previously checked
Estimated difficulty · Easy
Question 1 Toni is a wheat farmer. The sunlight and rainfall that help the wheat crops to grow are an example of A. a public good. B. afree good. C. a public externality from consu
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB)Section A, Question 2
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 65% of available · official reportAnswered correctly: 65% · official report
Question 2 Consider the following Production Possibility Frontier (PPF) for a hypothetical economy. 5 8 PPF for an economy Py 4 = E) C1 = 5 1 Ed @ PM FE amount Es of coffee Noman »
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 3
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 55% of available · official reportAnswered correctly: 55% · official report
Question 3 Which of the following events would be most likely to shift the demand curve for a good or service to the right? A. adecrease in the price of the good or service B. adec
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 4
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · EasyAverage marks: 96% of available · official reportAnswered correctly: 96% · official report
Question 4 Which of the following is most likely to result in an increase in aggregate demand in the economy? A. a decrease in labour market productivity B. an increase in consumer
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 5
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 56% of available · official reportAnswered correctly: 56% · official report
Question 5 2020 2024 price of milk (per litre) $2 $2 price of coffee (per cup) $4 $6 In the example provided in the table above, the relative price of milk between 2020 and 2024 A.
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 6
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · EasyAverage marks: 90% of available · official reportAnswered correctly: 90% · official report
Question 6 Which of the following factors are both characteristics of an expansion or upward swing in the business cycle? A. a decrease in production and an increase in capital inv
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 7
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 64% of available · official reportAnswered correctly: 64% · official report
Question 7 Consider the following data showing the Consumer Price Index (CPI) for a number of quarters in a hypothetical economy. Date Quarterly CPI (index June 2012 = 100) Jun 202
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 8
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · EasyAverage marks: 80% of available · official reportAnswered correctly: 80% · official report
Question 8 Consider a market where the demand for a good is relatively inelastic. If supply was to decrease in the market, it is most likely that the price will A. decrease, and qu
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 9
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · MediumAverage marks: 66% of available · official reportAnswered correctly: 66% · official report
Question 9 The diagram below shows the market for rice. Market for rice Ss maximum price set by the government quantity al 3 (ka) The governments in some developing countries try t
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)Section A, Question 10
Source index checked · not an answer check
Working not previously checked
Report-based difficulty · EasyAverage marks: 74% of available · official reportAnswered correctly: 74% · official report
Question 10 Which of the following is unlikely to increase cost inflation in the short term? A. anincrease in the price of oil Id I & 2 £ 8 H ° = o [=] B. anincrease in electricity
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB) · Report: 2024 VCE Economics external assessment report (DOCX, 754.97 KB)How to use ClassConnect past exam questions
- Choose a target. Filter by subject, topic, year, sitting or paper.
- Attempt it first. Work under exam conditions before opening the original question.
- Review and repeat. Compare with the official source and examiner report where available; note what to practise next.
Browse without signing in. Topic matches are approximate, not official VCAA tags. Source indexing and difficulty labels do not verify a worked solution. Check current course requirements with your teacher; classconnect is not endorsed by VCAA.
Make practice count
Create a free accountSave your next step
Sign in to save worked questions to My Library. Plus members can build topic-based exam worksheets with separate answer sheets.