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 8
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Report-based difficulty · MediumAverage marks: 45% of available · official reportAnswered correctly: 45% · official report
Question 8 Cyclical unemployment is least likely to be caused by A. a decrease in the size of the government’s budget structural deficit. B. a decrease in the world price of iron o
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 9
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Report-based difficulty · EasyAverage marks: 78% of available · official reportAnswered correctly: 78% · official report
Question 9 Which one of the following is an example of an automatic stabiliser? A. higher company tax collections due to increased profitability B. an increase in the cash rate due
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Estimated difficulty · Easy
2023 ECONOMICS EXAM 4 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 10
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Report-based difficulty · EasyAverage marks: 70% of available · official reportAnswered correctly: 70% · official report
Question 10 The price elasticity of supply for avocados is likely to increase if A. preservatives are invented to extend the shelf life of avocados. B. there is an increase in dema
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 11
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Report-based difficulty · DifficultAverage marks: 28% of available · official reportAnswered correctly: 28% · official report
Question 11 A cyclical factor that might cause Australia’s current account balance to worsen is A. a high rate of economic growth in China. B. a high rate of economic growth in Aus
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 12
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Report-based difficulty · MediumAverage marks: 51% of available · official reportAnswered correctly: 51% · official report
Question 12 Australia’s terms of trade is likely to deteriorate if A. the Australian dollar appreciates. B. export prices rise faster than import prices. C. there is excess supply
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Report-based difficulty · MediumAverage marks: 62% of available · official reportAnswered correctly: 62% · official report
Question 13 Consider the following production possibility frontier (PPF) for a hypothetical nation. Y X production of services production of goods A movement from point X to point
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 14
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Report-based difficulty · EasyAverage marks: 83% of available · official reportAnswered correctly: 83% · official report
Question 14 Which one of the following outcomes is not usually associated with productivity growth? A. an increase in material living standards. B. an increase in international com
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 15
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Report-based difficulty · EasyAverage marks: 71% of available · official reportAnswered correctly: 71% · official report
Question 15 Common access resources have which one of the following combinations of characteristics? Rivalrous Excludable A. Yes Yes B. Yes No C. No Yes D. No No
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Estimated difficulty · Easy
2023 ECONOMICS EXAM 6 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 B, Question 1(a)Question part (a)
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 49% of students · official report
a. With reference to at least one economic indicator, identify the stage of the business cycle for the Australian economy since July 2023. 2 marks Instructions for Section B Answer
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Report-based difficulty · MediumAverage marks: 60% of available · official reportFull marks: 26% of students · official report
b. Explain how one aggregate demand (AD) factor and one aggregate supply (AS) factor have caused changes in the business cycle in Australia in 2023. 4 marks AD factor Explanation A
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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