GAUTENG DEPARTMENT OF EDUCATION

PROVINCIAL EXAMINATION
JUNE 2018
GRADE 9

ECONOMIC AND
MANAGEMENT SCIENCES

MEMORANDUM

10 pages
 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

GAUTENG DEPARTMENT OF EDUCATION

PROVINCIAL EXAMINATION

ECONOMIC AND MANAGEMENT

SCIENCES

MEMORANDUM

SECTION A

QUESTION 1

1.1 MULTIPLE-CHOICE QUESTIONS

1.1.1 D 
1.1.2 B 
1.1.3 C 
1.1.4 D 
1.1.5 A  [10]

1.2 MATCHING ITEMS

1.2.1 D 
1.2.2 C 
1.2.3 B 
1.2.4 F 
1.2.5 A  [10]

1.3 WORD SELECTION

1.3.1 asset 
1.3.2 source documents 
1.3.3 expense 
1.3.4 monthly 
1.3.5 debit  [10]

1.4 TRUE OR FALSE

1.4.1 True 
1.4.2 False 
1.4.3 True 
1.4.4 False 
1.4.5 False  [10]

TOTAL SECTION A: 40

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

SECTION B – THE ECONOMY

QUESTION 2 – ECONOMIC SYSTEMS

2.1 A – Planned economy 

B – Mixed economy 
C – Market economy.  (3)

2.2 Planned economy

Advantage

Economic equality 
Basic needs of citizens satisfied
A stable economic system
Health care, education and equality are seen as important.
Any ONE correct advantage for 2 marks

Disadvantage

No competition 
Poor quality products
No profit motive
System cannot adapt to change quickly
Any ONE correct disadvantage for 2 marks

Market economy
Advantage

Entrepreneurs can start their own businesses, thus creating wealth 

Capital is used to start these businesses
Businesses are profit-driven
Efficient use of resources
Any ONE advantage for 2 marks

Disadvantage

Citizens with access to capital have a advantage 

Exploitation of labour can occur
Non-profitable goods and services such as healthcare and education are not
provided.
Any ONE disadvantage for 2 marks
(4x2) (8)

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

2.3 2.3.1 Increased market size 

Free flow of capital 
Access to a wider variety of products
Free movement of labour
Specialisation
Free trade between countries
Any other TWO correct answers (2x2) (4)
[15]

QUESTION 3 – CIRCULAR FLOW

3.1 A – Government 
B – Households
C – Goods and service market
D – Taxes
E – Public goods and services (10)

3.2 A closed economy does not import or export to or from, other countries.  OR
A closed economy does not allow trade with other countries. (2)

3.3 Public schools 

Public hospitals and health care.
Any other correct or relevant answer (1)

3.4 Consumers would have less disposable income 

As they are paying more tax. 
As a result, they would have less money to spend.
Any other correct or relevant answer (2)
[15]

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

QUESTION 4 – PRICE THEORY

4.1

D  S 

50

40 E 
Price(R)

0
30

20

10

0
20 40 60 80 100
Quantity
(6)

4.2 R30 (1)

4.3 The quantity supplied increases. (2)

4.4 If the price of a product increases, the demand for that product will
decrease.  (2)

4.5 Seasons; ; nature of the product ; ; consumer’s income;

buying patterns.
Any TWO relevant and correct answers (2x2) (4)
[15]

TOTAL SECTION B: 45

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

SECTION C – FINANCIAL LITERACY

QUESTION 5 – JOURNALS

5.1 CASH RECEIPTS JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 CRJ1
Analysis Sundry Accounts
Doc Cost of Debtors’
Day Details of Bank Sales
No. Sales Control Amount Details
Receipts
CRT
19 Sales 4 200 - - 4 200 - 2 625 -
23
21 W. Saints 2 200 - 6 400 - 2 200 Rent income
22 30 Penny Lee 720 720 720-
 
(Allocate the mark for doc no and days ONLY if all the doc no and days are correct.) (12)

5.2 CASH PAYMENTS JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 CPJ 1
Doc Trading Sundry Accounts
No. Day Name of Payee Bank Stock Equipment
Amount Fol Details
61 09 Brookes 9 880 - 3 900 - 4 600 - 1 380 - Packing material
Wholesalers 
 
(8)

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

5.3 DEBTORS’ JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 DJ1

Doc
No. Day Debtor Fol Sales Cost of Sales

36 05 Penny Lee D1 1 200 - 750 -

  
(6)

5.4 DEBTORS’ ALLOWANCES JOURNAL OF SWEET ʼn SOUR DEALERS – MAY 2018 DAJ1
Doc Debtors’
Day Debtor Fol Cost of Sales
No. Allowances
CN09 14 Penny Lee D1 480 - 300 -
 
(5)
[31]

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

QUESTION 6 – GENERAL LEDGER

BALANCE SHEET SECTION

GENERAL LEDGER OF POLLY TRADERS

DR. BANK B4 CR.

Date Details Fol Amount Date Details Fol Amount
2018 30 Total CRJ 19 050 - 2018 30 Total CPJ 16 770 -
April Receipts April Payments
Balance c/d 2 280 -

19 050 - * 19 050 -

2018 1 Balance b/d 2 280 - 

May
(*Mark may only be awarded if the amounts are the same.) [5]

DR. TRADING STOCK B5 CR.

Date Details Fol Amount Date Details Fol Amount
2018 1 Balance b/d 2 465 - 2018 30 Cost of CRJ 7 840 -
April April sales
30 Bank CPJ 9 650 - Balance c/d 4 275 -

12 115 - * 12 115 -

2018 1 Balance b/d 4 275 - 

May
(*Mark may only be awarded if the amounts are the same.) [5]

[10]

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

QUESTION 7 – ACCOUNTING EQUATION

Source Account Debited Account Credited Assets Owner’s Liabilities

document Equity
Example: Bank Rent Income + 1 000 + 1 000 0
Duplicate
receipt
Duplicate Debtors Control Sales + 800  + 800 0
invoice 
Cost of sales Trading Stock - 500 - 500 0
[9]

TOTAL SECTION C: 50

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 ECONOMIC AND MANAGEMENT
MEMORANDUM SCIENCES GRADE 9

SECTION D – ENTREPRENEURSHIP

QUESTION 8 – ECONOMIC SECTORS

8.1
Economic sector Activity Example

Primary sector  Extraction of natural and Fishing; farming; forestry;

agricultural resources. mining 

Secondary Sector Manufacturing activity  Oil Refinery

(3x2) (6)

8.2 8.2.1 A – Lisebo Moore : Highly skilled and trained labour 

B – Marlvin Seekoei: Unskilled labour  (2x1) (2)

8.2.2 Just like the different sectors of the economy, the different levels of
workers are interdependent on each other.  (1)

8.3 Businesses in the primary sector need other businesses to buy their products. 

Businesses in the secondary sector need raw materials that the primary sector
produce. 

Businesses in the secondary sector make finished goods. 

Tertiary and secondary businesses are linked to each other and the primary
sector.

Tertiary sector uses what the secondary sector makes.

No business can happen in any other sector if the primary sector does not supply
food and water in all sectors.

If one is not working properly the others won’t function. (3x2) (6)
Any other relevant and correct explanation [15]

TOTAL SECTION D: 15

TOTAL: 150

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