Economic And Management Sciences Grade 9 June GP 2017 Memo (Eng)

Downloaded from hlayiso.com GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2017 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES MEMORANDUM 7 pages

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT MEMORANDUM SCIENCES GRADE 9 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ECONOMIC AND MANAGEMENT SCIENCES MEMORANDUM SECTION A QUESTION 1 MULTIPLE-CHOICE QUESTIONS 1.1 1.1.1 B 1.1.2 C  1.1.3 D  1.1.4 A  1.1.5 C  [10] 1.2 UNDERLINE THE CORRECT WORD 1.2.1 cost 1.2.2 planned 1.2.3 Consumer  1.2.4 Real  1.2.5 receipt [5] 1.3 TRUE OR FALSE 1.3.1 False  1.3.2 True  1.3.3 True  1.3.4 True  1.3.5 False  [5] 1.4 MATCHING ITEMS 1.4.1 E 1.4.2 C  1.4.3 A  1.4.4 B  1.4.5 D  [10] TOTAL SECTION A: 30 2

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT MEMORANDUM SCIENCES GRADE 9 SECTION B QUESTION 2: ECONOMIC SYSTEMS 2.1 2.1.1 Market economy  2.1.2 Planned economy  (2x1) (2) 2.2 The economic problem can be described as how to satisfy unlimited wants with limited resources. The earth has a limited amount of resources. (2) 2.3 Workers can be exploited. ❖ There can be high unemployment. ❖ Environmental problems can result from the abuse of resources. ❖ There is often more waste or over consumption because producers are constantly trying to increase sales to make more profits. (2) (Mark only ONE relevant answer correct.) [6] QUESTION 3: THE CIRCULAR FLOW 3.1 A Businesses  B Goods Market  C Factor Market  (3x1) (3) 3.2 Government receives an income in the form of taxes from households and businesses.  • Businesses and households then receive public goods and services from the government.  • Government spends money on goods and services from businesses. • Government also spends money on factors of production from house- holds. (2x2) (4) (Any TWO answers) [7] 3

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT MEMORANDUM SCIENCES GRADE 9 QUESTION 4: PRICE THEORY 4.1 DEMAND AND SUPPLY SCHEDULE FOR JOSEPH’S BEADS P V A 40 32 24 E PRICE (R) 16 8 A  V 0 20 40 60 80 100 Q (5) QUANTITY 4.2 R24  (1) 4.3  Advertising  • Weather conditions / seasons • Competition • Income of consumers • Taste / preference of consumers • Change in population • Future price • Fashion trends (1) (Any ONE relevant answer) [7] TOTAL SECTION B: 20 4

Downloaded from hlayiso.com ECONOMC AND MANAGEMENT MEMORANDUM SCIENCES GRADE 9 SECTION C FINANCIAL LITERACY QUESTION 5: – JOURNALS 5.1 CASH RECEIPTS JOURNAL OF DAVIES MATS – SEPTEMBER 2016 CRJ1 Sundry Accounts Doc Analysis of Debtors Day Details Fol Bank Sales Cost of Sales No. Receipts Control Amount Fol Details CRT 1 6 Sales 8 500 - 8 500 - 8 500 - 6 800 - 022 22 T King 550 - 550 - 550 -   (8) 5.2 CASH PAYMENTS JOURNAL OF DAVIES MATS – SEPTEMBER 2016 CPJ 1 Doc Trading Sundry Accounts Day Name of Payee Fol Bank Equipment No. Stock Amount Fol Details 011 3 Savvy Stores  15 500 - 5000 - 10 000 - 500 - Stationery   (7) 5.3 DEBTORS JOURNAL OF DAVIES MATS – SEPTEMBER 2016 DJ1 Doc Day Debtor Fol Sales Cost of Sales No. 30 12 T. King D1 1100 - 880 -   (5) 5

Downloaded from hlayiso.com ECONOMC AND MANAGEMENT MEMORANDUM SCIENCES GRADE 9 5.1.4 DEBTORS’ ALLOWANCES JOURNAL OF DAVIES MATS – SEPTEMBER 2016 DAJ1 Doc Day Debtor Fol Debtors Allowances Cost of Sales No. CN18 18 T. King D1 380 - 304 -   (5) [25] QUESTION 6: GENERAL LEDGER GENERAL LEDGER OF BEVENS DEALERS – MARCH 2010 DR BANK B4 CR Date Details Fol Amount Date Details Fol Amount 2010 2010 CPJ 31 Total Receipts CRJ 2 24 853 - 31 Total Payments 16 200 - MARCH MARCH 2 1 Balance c/d 8 653 - 24 853 - 24 853 - 2010 1 Balance b/d 8 653 - April (Mark may only be awarded if the totals are the same.) [5] TOTAL SECTION C: 30 6

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT MEMORANDUM SCIENCES GRADE 9 SECTION D ENTREPRENEURSHIP QUESTION 7: SECTORS IN THE ECONOMY 7.1 Primary Sector  Secondary Sector  Tertiary Sector  (3) 7.2 Primary Sector – A piece of wood is extracted from trees.  Secondary sector – This piece of wood is then taken and carved or shaped into a table by a carpenter.  Tertiary sector – The table is then sold in a shop.  (6) 7.3 Primary – Farming, Forestry, Fishing and Mining Secondary – Manufacturing, Electricity, Water Supply and Construction/Building Tertiary –Wholesale and retail shops, Financial institutions, restaurants and transport  (6) 7.4 Workers need to be semi-skilled or skilled in order to work with the machinery and equipment used in the secondary sector.  (3) 7.5 The tertiary sector should support green issues to sustain the environment. Green issues such as: o The use of less energy and electricity o Use environmentally friendly products and services. o Reduce the people’s carbon footprint by recycling. (2) [20] TOTAL SECTION D: 20 TOTAL: 100 7