Economics Grade 9 Gauteng November 2017 Addendum (English)

GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION NOVEMBER 2017 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES ANSWER BOOK NAME OF LEARNER: SCHOOL: DISTRICT: TIME: 2 hours MARKS: 200 15 pages QUESTION 1 2 3 4 5 6 7 8 9 10 11 TOTAL LEARNER’S MARK MAXIMUM 60 10 10 10 10 41 8 11 19 11 10 200 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 2 ANSWER BOOK GRADE 9 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ECONOMIC AND MANAGEMENT SCIENCES TIME: 2 hours MARKS: 200 SECTION A QUESTION 1 1.1 MULTIPLE-CHOICE QUESTIONS 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 1.1.6 1.1.7 1.1.8 1.1.9 1.1.10 [20] P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 3 ANSWER BOOK GRADE 9 1.2 MATCHING ITEMS 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 1.2.6 1.2.7 1.2.8 1.2.9 1.2.10 [20] 1.3 CHOOSE THE CORRECT WORD 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 [10] P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 4 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 : 60 60 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 5 ANSWER BOOK GRADE 9 SECTION B QUESTION 2 ECONOMIC SYSTEMS 2.1 (4) 2.2 A B (4) 2.3 (2) [10] 10 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 6 ANSWER BOOK GRADE 9 QUESTION 3 – THE CIRCULAR FLOW 3.1 3.1.1 3.1.2 3.1.3 (3) 3.2 (2) 3.3 (1) 3.4 A B C D (4) [10] 10 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 7 ANSWER BOOK GRADE 9 QUESTION 4 – PRICE THEORY 4.1 (6) 4.2 (1) 4.3 (2) 4.4 (1) [10] 10 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 8 ANSWER BOOK GRADE 9 QUESTION 5 – TRADE UNIONS 5.1 (2) 5.2 (2) 5.3 (4) 5.4 (2) [10] 10 TOTAL SECTION B: 40 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 9 ANSWER BOOK GRADE 9 SECTION C FINANCIAL LITERACY QUESTION 6 – JOURNALS AND LEDGERS (6) 6.1 CASH RECEIPTS JOURNAL OF LINCOLN BOUTIQUE FOR OCTOBER 2017 CRJ1 Doc Day Details Fol Analysis Bank Sales Cost of Debtors’ Sundry Accounts no. of Sales Control Amount Fol Details Receipts (8) 6.2 CASH PAYMENTS JOURNAL OF LINCOLN BOUTIQUE FOR OCTOBER 2017 CPJ1 Doc Day Name of Payee Fol Bank Trading Creditors’ Sundry Accounts no. Stock Control Amount Fol Details (7) 6.3 DEBTORS’ JOURNAL OF LINCOLN BOUTIQUE FOR OCTOBER 2017 DJ1 Doc Day Debtor Fol Sales Cost of Sales No. P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 10 ANSWER BOOK GRADE 9 6.4 DEBTORS’ ALLOWANCES JOURNAL OF LINCOLN BOUTIQUE FOR OCTOBER 2017 DAJ1 Doc Day Debtor Fol Debtors’ Cost of Sales No. Allowances (5) 6.5 CREDITORS’ JOURNAL OF LINCOLN BOUTIQUE FOR OCTOBER 2017 CJ1 Doc Day Creditor Fol Creditors’ Trading Stock Sundry Accounts No. Control Amount Fol Details (3) 6.6 DEBTORS’ LEDGER OF LINCOLN BOUTIQUE – October 2017 Date Details Fol Debit Credit Balance 2017 1 Balance b/d 1 890 - Oct 03 DJ1 5 810 - 14 DAJ1 30 1 230 - (8) 6.7 ACCOUNTING EQUATION (Transaction 08) Source document Account Debited Account Credited Assets Owner’s equity Liabilities (5) 41 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 11 ANSWER BOOK GRADE 9 QUESTION 7 – GENERAL LEDGER GENERAL LEDGER OF MUZI TRADERS DR TRADING STOCK CR Date Details Fol Amount Date Details Fol Amount 2017 1 Balance b/d 33 475 - 2017 31 Cost of CRJ6 Sept Sept Sales 31 CPJ6 CAJ6 924 Creditors’ CJ6 DJ6 13 990 Control DAJ6 1 088 - 2017 1 Oct (8) 8 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 12 ANSWER BOOK GRADE 9 QUESTION 8 – TRIAL BALANCE Trial balance of Brookes Traders on 31 October 2017 Fol Debit Credit Balance Sheet Accounts Section B1 Nominal Accounts Section N1 11 TOTAL SECTION C: 60 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 13 ANSWER BOOK GRADE 9 SECTION D ENTREPRENEURSHIP QUESTION 9 – SECTORS IN THE ECONOMY 9.1 (a) (b) (c) (3) 9.2 (4) 9.3 (6) 9.4 (3) 9.5 (3) 19 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 14 ANSWER BOOK GRADE 9 QUESTION 10 – FUNCTIONS OF A BUSINESS 10.1 10.1.1 10.1.2 10.1.3 10.1.4 (8) 10.2 (3) 11 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 15 ANSWER BOOK GRADE 9 QUESTION 11 – THE BUSINESS PLAN 11.1 (2x2) (4) 11.2 (4) 11.3 (1x2) (2) 10 TOTAL SECTION D: 40 TOTAL: 200 END