Economics Grade 9 Paper 2 Gauteng June 2022 Memo (English)

PROVINCIAL EXAMINATION JUNE 2022 GRADE 9 MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES: THE ECONOMY AND ENTREPRENEURSHIP (PAPER 2) 6 pages

MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 SECTION A: ALL TOPICS QUESTION 1 1.1 MATCHING ITEMS 1.1.1 D 1.1.2 A 1.1.3 B 1.1.4 G 1.1.5 E 5 1.2 CHOOSE THE CORRECT WORD 1.2.1 closed economy  1.2.2 secondary  1.2.3 capitalist  1.2.4 higher  1.2.5 semi-skilled  5 TOTAL SECTION A: 10 10 2

MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 SECTION B: THE ECONOMY QUESTION 2: ECONOMIC SYSTEMS 2.1 Planned economy  (1) 2.2 2.2.1 Mixed economy  (1) 2.2.2 • The private sector controls some of the natural resources and the government controls the rest.  • Private enterprise/ownership of businesses in all industries is allowed. • The government also provides services such as healthcare, legal services, infrastructure, etc. • Government and private businesses together produce goods to resolve economic problems faced by the economy. • Government controls business practices through labour, consumer and environmental laws. • Government provides subsidies to both individuals and businesses. (Accept any other relevant answer.) (2) 2.3 • There are high profits being made. ✓ • The business is competitive. • Freedom to be able to own her own business. (Any one of the above.) (2) [6] 6 3

MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 QUESTION 3: CIRCULAR FLOW 3.1 Government  (1) 3.2 F- Households buy/spend on goods and services.  H- Businesses spend on/pay rewards to the factors of production.  (4) 3.3 Option 1  (A → B → C → D) (2) 3.4 3.4.1 Factor of production – Labour  (1) 3.4.2 Remuneration – Salaries/Wages  (1) 3.4.3 Payment to the government – Taxes  (1) [10] 10 QUESTION 4: PRICE THEORY 4.1 • Price  • Income • Fashion • Season/weather • Price of other products • Advertising • Competition (Accept any one of the above or any other relevant answer.) (1) 4

MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 4.2 4.2.1 Demand and Supply Graph for a PlayStation 4 10 000 D S 9 000 8 000 7 000 E  Price (R)  6 000 5 000 4 000 3 000 S D 2 000 1 000 0 5 10 15 20 25 Quantity (5) 4.2.2 R 6 000  (1) 4.2.3 Complementary good – Games/Controller  Substitute good – X-box  (2) [9] 9 TOTAL SECTION B: 25 5

MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 SECTION C: ENTREPRENEURSHIP QUESTION 5: SECTORS OF THE ECONOMY 5.1 5.1.1 Tertiary  5.1.2 Raw materials obtained from the primary sector are converted/processed into final products  5.1.3 Farming/Fishing/Forestry/Mining  (Accept any one.) (3) 5.2 • If resources are not used responsibly, they will get used up and there will be a shortage of resources to produce goods in the secondary sector.  • There will be a shortage of goods and services needed by consumers.  • If resources in the primary sector run out, it can cause the other two sectors of the economy to collapse. (Any other relevant answer, accept any two.) (4) 5.3 5.3.1 COVID-19 pandemic  (1) 5.3.2 • Workers have been told to stay at home.  • Factories have had to close.  • Production of goods and services have come to a stop. • Factories have suffered losses due to orders being cancelled. • Supply chains have been brought to a halt. (Accept any two.) (4) 5.3.3 • Offer them social grants to be able to sustain themselves.  • Make payments from UIF to cover wage/salary losses. (Accept any other relevant answer.) (2) 5.3.4 Bangladesh (C)  (1) [15] 15 TOTAL SECTION C: 15 TOTAL: 50 6