QCE EconomicsPractice Examination 9

This paper covers

• Balance of payments structure and current account components
• Services exports: education, tourism, professional services
• Current account deficit and net foreign liabilities
• External stability as a macroeconomic objective
• Exchange rate determination under floating regime
• Trade account composition and structural change
• AD/AS model applied to export-led growth
• Fiscal and monetary policy responses to external imbalance
• Macroeconomic objectives and trade-offs
• Globalisation, structural change and income distribution

Students are permitted to bring into the examination the materials normally allowed for this subject. Answer all questions in the spaces provided.

This is an ATARMAxxing practice paper. It is not an official examination and is not affiliated with, endorsed by, or produced by the VCAA, NESA or the QCAA.