VCE EconomicsPractice Examination 14

This paper covers

• Microeconomics: market failure (externalities, public goods, asymmetric information) and government intervention including indirect taxes/GST and unintended consequences
• Macroeconomic goals and their measurement/conflicts, with AD/AS analysis and links to living standards
• Aggregate demand policies (budgetary incl. tax-mix/GST debate, and monetary) plus aggregate supply policies and their evaluation

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.