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 11
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Report-based difficulty · MediumAverage marks: 69% of available · official reportAnswered correctly: 69% · official report
Question 11 Consider the following data for a hypothetical economy. employed persons 14,257,000 unemployed persons 595,000 labour force participation rate 67% youth unemployment ra
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 12
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Report-based difficulty · EasyAverage marks: 90% of available · official reportAnswered correctly: 90% · official report
Question 12 Aggregate supply policies are designed to A. maximise production in an economy. B. improve supply-side conditions so that domestic macroeconomic goals and enhanced livi
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Report-based difficulty · EasyAverage marks: 85% of available · official reportAnswered correctly: 85% · official report
Question 13 Which of the following will not cause a slowing of labour productivity in an economy? A. B. Cc. decreasing overall business investment lower barriers to entry for inter
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Report-based difficulty · EasyAverage marks: 77% of available · official reportAnswered correctly: 77% · official report
Question 14 Consider the following data for an economy over a two-year period. The prices given reflect the average for the relevant year. Year Import price index = Export price in
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Report-based difficulty · EasyAverage marks: 86% of available · official reportAnswered correctly: 86% · official report
Question 15 Australia’s international competitiveness will most likely improve if A. Australia has a higher inflation rate compared to its trading partners. B. the Australian dolla
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Estimated difficulty · Easy
Section B
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 42% of students · official report
Question 1 (3 marks) Outline the link between relative scarcity and opportunity cost. o ° =) S H FE he
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Estimated difficulty · Medium
Question 2 (11 marks) ‘Australia’s net overseas migration (NOM) level, which represents the difference between incoming migrants and outgoing migrants over a 12-month period, is ex
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 45% of students · official report
a. Explain, with the use of a fully labelled demand and supply diagram, the likely impact of Australia’s net migration in 2023-24 on the Australian labour market. 4 marks Id I & 2
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Report-based difficulty · MediumAverage marks: 63.3% of available · official reportFull marks: 34% of students · official report
b. Asa result of net migration in 2023-24, analyse how the forces of demand and supply affect equilibrium price and quantity in Australia’s housing market. 3 marks o ° =) S H FE he
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Estimated difficulty · Easy
b. Distinguish between hidden unemployment and long-term unemployment. 3 marks
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Estimated difficulty · Easy
c. Explain one consequence of not achieving the goal of full employment and its effect on material living standards. 3 marks Id I & 2 £ 8 H ° = o [=] Section B
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2024 VCE Economics examination (PDF, 3.03 MB)How to use ClassConnect past exam questions
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