ATARMAxxing · Economics
HSC Economics Practice Questions
64 exam-style questions · full worked solutions
The 64 practice questions inside the HSC Economics Mastery Pack, grouped by area of study. Every question comes with a full worked solution.
- The Global Economy
- Multiple choice × 12
- Explain × 1
- Analyse × 1
- Assess × 1
- Evaluate × 1
- Australia's Place in the Global Economy
- Multiple choice × 12
- Describe × 1
- Explain × 1
- Analyse × 1
- Evaluate × 1
- Economic Issues
- Multiple choice × 12
- Calculate × 1
- Explain × 1
- Analyse × 1
- Evaluate × 1
- Economic Policies and Management
- Multiple choice × 12
- Explain × 1
- Analyse × 1
- Assess × 1
- Evaluate × 1
Sample question
A country exports $80 billion worth of goods and services and imports $95 billion worth of goods and services in a given year. Which of the following best describes this country's balance on goods and services?
- A. A surplus of $15 billion
- B. A deficit of $15 billion
- C. A surplus of $175 billion
- D. A deficit of $175 billion
Show the worked answer
Answer: B
Balance on goods and services = exports minus imports = $80b − $95b = −$15b, which is a deficit of $15 billion.
Included in the HSC Economics Mastery Pack
20 full-length practice exams with worked solutions, 20 revision notes, 64 practice questions and 200 flashcards.
Preview a sample note and question free on the HSC Economics hub →