QCEVault

Macroeconomic objectives and theory — Question 12

QCAA 2023, Paper 1 · 4 marks

Q12 · 2023 · External assessmentUnclassified4 marks

QUESTION 12 (4 marks)

Assume the graph represents a recent event experienced by the Australian economy that required economic management.

Economics question figure

Explain a likely cause and short-term effect of the event.

Question linkQCAA assessment resources

Related questions

  1. Q13 · 2025 QCAA · Paper 1 · 7 marks
    QUESTION 13  (7 marks) Assume the following is a scenario experienced by Australia. The Organisation for Economic Co-operation and Development (OECD) has confirmed that the current Australian high inflation scenario is unlike those in the past. Health and natural disasters, plus disruptions due to international political events, have restricted the global su…
    Macroeconomic objectives and theory
  2. Q14 · 2025 QCAA · Paper 1 · 10 marks
    QUESTION 14  (10 marks) Data for a hypothetical economic issue in Australia is shown. Inflation rate, Australia % 8 7 6 5 4 3 2 1 0 −1 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Regional differences in the unemployment rate, Australia % 16 14 12 10 8 6 4 2 0 1996 1999 2002 2005 2008 2011 2014 2017 2020 2023 Key Highest regional unemployment rate…
    Macroeconomic objectives and theory
  3. Q12 · 2024 QCAA · Paper 1 · 10 marks
    QUESTION 12  (10 marks) The graph shows a hypothetical situation faced by an Australian federal government budget in 2026. 27 26 Percentage of GDP 25 24 23 22 21 20 2015 2019 2023 2010 2011 2012 2013 2014 2016 2017 2018 2020 2021 2022 2024 2025 2026 Key Revenue Expenditure a) Describe the economic issue shown and explain the two causes. [6 marks] b) Ident…
    Macroeconomic objectives and theory
  4. Q13 · 2024 QCAA · Paper 1 · 11 marks
    QUESTION 13  (11 marks) Hypothetical annual data for an economy similar to Australia’s economy is shown. Housing Cash Exchange rate % pricesrate8withmajorrise10andrisingtradingpartnerperannumhasappreciatedAUD prices rate 8% with major rise 10% and rising trading partner per annum has appreciated AUD 0.80 to AUD…
    Macroeconomic objectives and theory