This is the Economics Grade 12 Paper 1 June examination from North West, worth 150 marks and to be completed in 2 hours. Question 1, worth 30 marks over 20 minutes, is multiple choice, covering examples of autonomous consumption, the capital market, the Kondratieff cycle, open market transactions, and merit goods.
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 XXI-202
Key terms covered include autonomous consumption, the capital market, the Kondratieff cycle, open market transactions, and merit goods.
The paper consists of 12 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 distinguish types of consumption and financial markets, identify business cycle types, explain monetary policy instruments, and define merit goods.