Economics Grade 12 Paper 2 NW June 2025 Memo

Enquiries: M van Biljon B Molefe L Oosthuizen Cell: 084 550 2006 076 410 4681 066 471 1944 Email mvanbiljon@nwpg.gov.za Bmora@nwpg.gov.za LHOosthuizen@nwpg.gov.za 2025 JUNE EXAMINTIONS ERRATA SUBJECT ECONOMICS PAPER 2 DATE 24 JUNE 2025 TIME OF ERRATA 15:00 QUESTION 1 MARKS QUESTION 2 MARKS QUESTION 3 MARKS QUESTION 4 MARKS TOTAL MARKS AFFECTED None TOTAL MARKS FOR THE PAPER AFTER n/a ADJUSTMENT REPLACE THE ANSWERS AS INDICATED BELOW: SUB NUMBER MARKS CORRECTION QUESTION 1. 1.3.3 Accept market as another option 2 2.1.1 Accept any other correct relevant response 2.2.5  ∆TC ÷ ∆ output = (68-55) ÷ (3-2) = 13 ÷ 1 = 13 Each step should be awarded a mark 2.3.2 Add clothing industry and textile as other options 2.4 1

- Award 1 mark for labelling on the axis, with the maximum of 4 marks for the graph.  Between 85 units and 100 units the firm makes economic profit.  3 3.2.1 Accept excise duty/excise tax as other options 3.2.2 Accept any other correct relevant response 3.3.1 Accept Marginal cost/MC/Supply curve 3.3.5  TR - TC = (R150 x 100) – (R200 x 100)  = R15 000 – R20 000 = - R5000 each step should be awarded a mark 4.2.3 The question is out of 2 marks, add another tick. TOTAL MARKS 2