This is an Economics Grade 12 provincial standardised assessment from KwaZulu-Natal, dated March 2026, to be completed in one and a half hours. Question 1, worth 20 marks over 20 minutes, is multiple choice, covering injections into the circular flow of income, extrapolation as a forecasting technique, collective goods, portfolio investment, and market price.
The following document, Economics Grade 12 Term 1 Provincial Assessment.pdf, is the full document.
Term 1 Content Brief
Economics Grade 12 Term 1 Provincial Assessment PDF IEL-069
Key terms covered include injections into the circular flow, extrapolation, collective goods, portfolio investment, and market price.
The paper consists of 9 pages and has three sections. Section A is compulsory. Section B requires one question from a choice. Section C requires one question from a choice of two.
By the end of this paper, learners should be able to explain injections into the circular flow of income, describe forecasting techniques such as extrapolation, distinguish collective goods from other goods, and explain portfolio investment and market price.