Questions were easy but very repetitive. I found myself having to repeat so many definitions (especially for the living standards questions).
Multiple choice was easy, especially when compared with the commercial papers. All the questions were theoretical, which was highly disappointing as I expected VCAA to actually test our ability to apply the theories that we've learnt to answer more practical questions.
The hardest question on the exam was probably the last one, but VCAA pretty much directed us to the answer when it asked us to distinguish between "production" and "productivity" for the first part of that question.
Overall, I think the cut-off for A+ will be higher this year.