VCE EconomicsPractice Examination 5

This paper covers

• Market failure, externalities and government intervention, applied to energy transition costs (Unit 3 AOS 1)
• Interpreting macro data: energy rebates, headline vs underlying inflation, and goal trade-offs (Unit 3 AOS 2)
• Terms of trade, the exchange rate and competitiveness in a decarbonising world economy (Unit 3 AOS 3)
• The policy mix: budgetary and monetary settings plus supply-side policies and their lags (Unit 4 AOS 1-2)

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.