This is an Economics Grade 12 Paper 1 provincial standardised assessment from KwaZulu-Natal, dated June 2026, worth 150 marks and to be completed in 2 hours. Question 1, worth 30 marks over 20 minutes, is multiple choice, covering consumption spending, the expenditure method of calculating GDP, business cycles such as the Juglar cycle, coincident economic indicators, and excise duty.
The following document, Economics Grade 12 Paper 1 Term 2 Provincial Assessment.pdf, is the full document.
Term 2 Content Brief
Economics Grade 12 Paper 1 Term 2 Provincial Assessment PDF IBW-067
Key terms covered include consumption spending, the expenditure method of calculating GDP, business cycles (Kitchin, Kuznets, Juglar and Kondratieff), leading, lagging and coincident indicators, and excise duty.
The paper consists of 13 pages and has four questions. Section A is compulsory. Section B requires two questions. Section C requires one question from a choice of two.
By the end of this paper, learners should be able to explain the components of GDP such as consumption spending, describe methods of calculating GDP, classify types of business cycles, distinguish between leading, lagging and coincident indicators, and identify types of taxation such as excise duty.