Economics Grade 9 Gauteng June 2019 Addendum (English)

GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2019 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES ANSWER BOOK LEARNER’S NAME: SCHOOL: DISTRICT: DATE: MARKS: 150 TIME: 90 minutes 9 pages MARK TOTAL 40 15 15 15 38 6 6 15 150 P.T.O.

ECONOMIC 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 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 10 1.2 TRUE OR FALSE 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 10 1.3 WORD BANK 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 10 1.4 MATCHING ITEMS 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 10 TOTAL SECTION A: 40 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 3 ANSWER BOOK GRADE 9 SECTION B QUESTION 2 – ECONOMIC SYSTEMS 2.1 Economic Problem: (2) 2.2 2.2.1 (1) 2.2.2 (1) 2.3 (2) 2.4 (4) 2.5 (2) 2.6 (2) 2.7 (1) [15] 15 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 4 ANSWER BOOK GRADE 9 QUESTION 3 – CIRCULAR FLOW 3.1 A (1) B (2) C (1) D (1) E (1) [6] 3.2 (2) 3.3 (4) 3.4 (2) 3.5 (1) [15] 15 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 5 ANSWER BOOK GRADE 9 QUESTION 4 – PRICE THEORY 4.1 MARKET DEMAND AND SUPPLY FOR PANCAKES (7) 4.2 (2) 4.3 P= Q= (2) 4.4 (2) 4.5 (2) [15] TOTAL SECTION B: 45 15 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 6 ANSWER BOOK GRADE 9 SECTION C – FINANCIAL LITERACY QUESTION 5 – JOURNALS AND ACCOUNTING EQUATION 5.1 CASH RECEIPTS JOURNAL OF SANDY JEWELLERS – FEBRUARY 2019 CRJ1 Doc No. Day Details Fol. Analysis of Bank Sales Cost of Debtors’ Sundry Accounts Receipts Sales Control Amount Fol. Details (12) 5.2 CASH PAYMENTS JOURNAL OF OF SANDY JEWELLERS – FEBRUARY 2019 CPJ1 Doc No. Day Name of Payee Fol. Bank Trading Stock Creditors’ Control Sundry Accounts Amount Fol. Amount (7) 5.3 DEBTORS’ JOURNAL OF OF SANDY JEWELLERS – FEBRUARY 2019 DJ1 Doc No. Day Debtor Fol. Sales Cost of Sales (6) P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 7 ANSWER BOOK GRADE 9 5.4 DEBTORS’ ALLOWANCES JOURNAL OF SANDY JEWELLERS – FEBRUARY 2019 DAJ1 Debtors' Doc No. Day Debtor Fol. Cost of Sales Allowances (6) 5.5 ACCOUNTING EQUATION Source Account Account Owner’s Assets Liabilities document Debited Credited equity Example. Duplicate Bank Rent income + 1 000 + 1 000 0 receipt (7) 38 QUESTION 6 – GENERAL LEDGER GENERAL LEDGER OF SILVER STORES Dr. TRADING STOCK Cr. Date Details Fol. Amount Date Details Fol. Amount 2019 2019 CRJ 1 Balance b/d 31 Mar Mar 31 CPJ Balance c/d 46 790 46 790 2019 1 Balance b/d April 6 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 8 ANSWER BOOK GRADE 9 QUESTION 7 – TRIAL BALANCE TRIAL BALANCE OF MZANSI TRADERS ON 30 APRIL 2019 Fol. Debit Credit Balance Sheet Accounts Section Capital Drawings 18 990 - Bank 41 370 - Trading Stock 32 440 - Debtors Control 16 300 - Nominal Accounts Section Sales Cost of sales 46 800 - Packing material 3 220 - Rent income 12 120 - 6 TOTAL SECTION C: 50 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 9 ANSWER BOOK GRADE 9 SECTION D – ENTREPRENEURSHIP QUESTION 8 – SECTORS IN THE ECONOMY 8.1 (3) 8.2 (2) 8.3 (4) 8.4 (3 x 2) (6) 15 TOTAL SECTION D: 15 TOTAL: 150 END