This is the Economics Grade 12 Paper 1 national May/June examination, worth 150 marks and to be completed in 2 hours. Question 1, worth 30 marks over 20 minutes, is multiple choice, covering market price, the depression phase of the business cycle, accountability, currency appreciation, and transfer duty.
The following document, Economics Grade 12 Paper 1 Term 2 Exam.pdf, is the full document.
Term 2 Content Brief
Economics Grade 12 Paper 1 Term 2 Exam PDF ULF-175
Key terms covered include market price, the business cycle, accountability, currency appreciation, and transfer duty.
The paper consists of 13 pages and four questions. Section A is compulsory. Section B requires two of three questions. Section C requires one of two questions.
By the end of this paper, learners should be able to define market price and accountability, identify phases of the business cycle, and distinguish currency appreciation from other exchange rate changes.