VCE EconomicsPractice Examination 13

This paper covers

• Microeconomics: scarcity/opportunity cost/PPF, demand-supply (movements vs shifts), elasticity, efficiency, market failure & government intervention
• Domestic macro goals (growth, inflation, full employment), aggregate demand/supply, the international economy (BOP, exchange rates, terms of trade, trade liberalisation)
• Aggregate demand policies (budgetary & monetary) and aggregate supply policies — with contemporary 'skills shortage & training' flavour

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.