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 6(b)Question part (b)
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Report-based difficulty · MediumAverage marks: 55% of available · official reportFull marks: 28% of students · official report
b. Explain the effect of one automatic stabiliser and one discretionary stabiliser on the Australian Government's budget outcome over the past two years. 4 marks o ° =) S H FE he E
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 B, Question 6(c)Question part (c)
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Report-based difficulty · MediumAverage marks: 65% of available · official reportFull marks: 44% of students · official report
c. Explain one way to finance a budget deficit or one way to utilise a budget surplus. 2 marks
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 B, Question 6(d)Question part (d)
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Report-based difficulty · MediumAverage marks: 50% of available · official reportFull marks: 14% of students · official report
d. Explain one strength of using monetary policy and one strength of using budgetary policy to affect aggregate demand and influence the achievement of the goal of strong and susta
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 B, Question 6(e)Question part (e)
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Report-based difficulty · MediumAverage marks: 66% of available · official reportFull marks: 26% of students · official report
e. With reference to a recent example, explain how the government can use one of the following budgetary policies to affect aggregate supply, Australia’s international competitiven
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 1
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Estimated difficulty · Easy
Question 1 A young entrepreneur has run her own business and made a profit of $40 000 for the financial year. She quit her job as an economist, where she would have earned $120 000
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examinationSection A, Question 2
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Report-based difficulty · MediumAverage marks: 47% of available · official reportAnswered correctly: 47% · official report
Question 2 Which one of the following is not likely to be caused by an inflation rate of 7.8%? A. delayed consumption. B. erosion of purchasing power. C. distortions of investment
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Report-based difficulty · MediumAverage marks: 40% of available · official reportAnswered correctly: 40% · official report
Question 3 Which one of the following would be classified as government current expenditure when calculating aggregate demand? A. unemployment benefits provided by the Australian G
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection A, Question 4
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Report-based difficulty · MediumAverage marks: 68% of available · official reportAnswered correctly: 68% · official report
Question 4 Which one of the following is not a strength of monetary policy when trying to reduce aggregate demand? A. Indebted households on variable rate loans are highly responsi
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Estimated difficulty · Easy
3 2023 ECONOMICS EXAM TURN OVER d o n o t w r i t e i n t h i s a r e a
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examinationSection A, Question 5
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Report-based difficulty · DifficultAverage marks: 23% of available · official reportAnswered correctly: 23% · official report
Question 5 Which one of the following is least likely to result in a decrease in aggregate supply? A. an increase in interest rates B. a slower rate of productivity growth C. an in
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection A, Question 6
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Report-based difficulty · MediumAverage marks: 43% of available · official reportAnswered correctly: 43% · official report
Question 6 Consider the following information for a hypothetical economy. unemployed persons 10 million underemployed persons 5 million employed persons 70 million Total population
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportSection A, Question 7
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Report-based difficulty · MediumAverage marks: 47% of available · official reportAnswered correctly: 47% · official report
Question 7 The payment of dividends to Australians holding shares in foreign companies will be recorded in the balance of payments as A. a credit in the capital and financial accou
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2023 VCE Economics examination · Report: 2023 VCE Economics external assessment reportHow to use ClassConnect past exam questions
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