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 1(c)Question part (c)
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Report-based difficulty · MediumAverage marks: 62.5% of available · official reportFull marks: 26% of students · official report
c. Explain two consequences of not achieving the domestic macroeconomic goal of strong and sustainable economic growth. 4 marks
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Report-based difficulty · MediumAverage marks: 55% of available · official reportFull marks: 42% of students · official report
d. Explain one reason why the underlying rate of inflation may differ from the headline rate of inflation. 2 marks 9 2023 ECONOMICS EXAM D O N O T W R I T E I N T H I S A R E A TUR
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Question 2 (10 marks) Consider the changes to Australia’s tariff rates for passenger motor vehicles over time shown below: 1990 1992 1994 1996 1998 2000 2005 2010 2015 2023 passeng
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Report-based difficulty · MediumAverage marks: 57.5% of available · official reportFull marks: 22% of students · official report
a. Explain how the changes in tariffs on passenger motor vehicles since 1990 are likely to have affected the allocation of resources in Australia and living standards. 4 marks 2023
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Report-based difficulty · MediumAverage marks: 55% of available · official reportFull marks: 41% of students · official report
b. Outline one factor that would account for the downward trend in the Australian dollar against the US dollar since January 2022. 2 marks 11 2023 ECONOMICS EXAM D O N O T W R I T
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Report-based difficulty · MediumAverage marks: 55% of available · official reportFull marks: 20% of students · official report
c. With reference to the chart on page 10, explain how the depreciation of the Australian dollar against the US dollar since January 2022 is likely to have affected the achievement
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Question 3 (16 marks) Australian Government budget outcomes Actual Estimates 2021– 2022 2022– 2023 2023– 2024 2024– 2025 2025– 2026 2026– 2027 Underlying cash balance ($ billion) −
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Report-based difficulty · MediumAverage marks: 60% of available · official reportFull marks: 36% of students · official report
a. With reference to the table above, explain the relationship between changes in the Australian Government’s budget outcome since 2021–2022 and the level of public debt. 3 marks 1
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Report-based difficulty · MediumAverage marks: 45% of available · official reportFull marks: 7% of students · official report
b. Analyse how Australia’s unemployment rate and inflation rate have influenced the stance of aggregate demand policies in 2023. 6 marks 2023 ECONOMICS EXAM 14 d o n o t w r i t e
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Report-based difficulty · MediumAverage marks: 55% of available · official reportFull marks: 26% of students · official report
c. Predict how one discretionary stabiliser from the Australian Government’s 2023–2024 budget is likely to affect Australia’s rate of economic growth and living standards. 4 marks
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Report-based difficulty · MediumAverage marks: 56.7% of available · official reportFull marks: 28% of students · official report
d. Examine one weakness of using budgetary policy to slow the growth in aggregate demand and the rate of inflation. 3 marks 2023 ECONOMICS EXAM 16 D O N O T W R I T E I N T H I S A
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Question 4 (15 marks) Consider the following information about Australian house prices. • National home values have dropped by 9.4% from peak to trough, which is the largest market
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