Economics Grade 9 Gauteng June 2018 Addendum (English)

GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2018 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES ANSWER BOOK NAME OF LEARNER : SCHOOL: DISTRICT: DATE: TIME: 90 minutes MARKS: 150 11 pages QUESTION 1 2 3 4 5 6 7 8 TOTAL LEARNER’S MARK MAXIMUM 40 15 15 15 31 10 9 15 150 P.T.O.

CONOMIC AND MANAGEMENT SCIENCES 2 ANSWER BOOK GRADE 9 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ECONOMIC AND MANAGEMENT SCIENCES TIME: 90 minutes MARKS: 150 SECTION A QUESTION 1 1.1 MULTIPLE-CHOICE QUESTIONS 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 [10] 1.2 MATCHING ITEMS 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 [10] 1.3 WORD SELECTION 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 [10] P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 3 ANSWER BOOK GRADE 9 1.4 TRUE OR FALSE 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 [10] TOTAL SECTION A: 40 40 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 4 ANSWER BOOK GRADE 9 SECTION B QUESTION 2 ECONOMIC SYSTEMS 2.1 A B C (3) 2.2 Planned Economy Advantage Disadvantage Market Economy Advantage Disadvantage (4x2) (8) P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 5 ANSWER BOOK GRADE 9 2.3 2.3.1 (2x2) (4) 15 QUESTION 3 –CIRCULAR FLOW 3.1 A B C D E (5x2) (10) 3.2 (2) 3.3 (1) 3.4 (2) 15 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 6 ANSWER BOOK GRADE 9 QUESTION 4 – PRICE THEORY 4.1 50 40 Price (R) 0 30 20 10 0 20 40 60 80 100 Quantity (6) 4.2 (1) 4.3 (2) 4.4 (2) 4.5 (2x2) (4) 15 TOTAL SECTION B: 45 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 7 ANSWER BOOK GRADE 9 SECTION C – FINANCIAL LITERACY QUESTION 5 – JOURNALS 5.1 CASH RECEIPTS JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 CRJ1 Sundry Accounts Doc Analysis of Debtors’ Day Details Fol Bank Sales Cost of Sales No. Receipts Control Amount Fol Details (12) 5.2 CASH PAYMENTS JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 CPJ 1 Doc Trading Sundry Accounts Day Name of Payee Fol Bank Equipment No. Stock Amount Fol Details (8) P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 8 ANSWER BOOK GRADE 9 5.3 DEBTORS’ JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 DJ1 Doc No. Day Debtors Fol Sales Cost of Sales (6) 5.4 DEBTORS’ ALLOWANCES JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 DJ1 Doc No. Day Debtors Fol Debtors’ Allowances Cost of Sales (5) 31 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 9 ANSWER BOOK GRADE 9 QUESTION 6 – GENERAL LEDGER GENERAL LEDGER OF POLLY TRADERS BALANCE SHEET SECTION Dr BANK B4 Cr Date Details Fol Amount Date Details Fol Amount 2018 April 2018 May (5) Dr TRADING STOCK B5 Cr Date Details Fol Amount Date Details Fol Amount 2018 1 Balance b/d 2 465 - April 2018 May (5) 10 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 10 ANSWER BOOK GRADE 9 QUESTION 7 – ACCOUNTING EQUATION Source Account Account Assets Owner’s Liabilities document Debited Credited Equity Example. Bank Rent Income + 1 000 + 1 000 0 Duplicate receipt (9) 9 TOTAL SECTION C: 50 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 11 ANSWER BOOK GRADE 9 SECTION D – ENTREPRENEURSHIP QUESTION 8 – ECONOMIC SECTORS 8.1 Economic sector Activity Example A. Extraction of natural and B. agricultural resources Secondary Sector C. Oil Refinery (3x2) (6) 8.2.1 A – Lisebo Moore B – Marlvin Seekoei (2x1) (2) 8.2.2 (1) 8.3 (3x2) (6) 15 TOTAL SECTION D: 15 TOTAL: 150 END