This is an Economics Grade 12 examination from the Vhembe East District in Limpopo, dated March 2026, worth 100 marks and to be completed in one and a half hours. Question 1, worth 20 marks over 20 minutes, is multiple choice, covering the capital market, the definition of recession, the Laffer curve, absolute advantage, and closed economy sectors.
The following document, Economics Grade 12 Term 1 Exam.pdf, is the full document.
Term 1 Content Brief
Economics Grade 12 Term 1 Exam PDF RXH-152
Key terms covered include the capital market, recession, the Laffer curve, absolute advantage, and a closed economy.
The test consists of three sections. Section A is compulsory. Section B and Section C each require one question from a choice of two.
By the end of this test, learners should be able to distinguish types of financial markets, define recession, explain the Laffer curve, and describe absolute advantage and closed economies.