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    GR9 Ems P22

    Uploaded by

    Charity Morris Chabalala

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    GR9 Ems P22

    Uploaded by

    Charity Morris Chabalala
    4 views9 pages

    Original Title

    GR9 EMS P22

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    © © All Rights Reserved

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    4 views9 pages

    GR9 Ems P22

    Uploaded by

    Charity Morris Chabalala

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    131 Cnr Beneden & Ridder St, Rustenburg, 0299

    P.O. Box 7588, Rustenburg, 0300


    Tel No : 014 596 6262
    Fax: 014 596 7358
    Email:[email protected]
    EMIS: 600105347.
    __________________________________________________________________________________________________________

    ECONOMIC AND MANAGEMENT SCIENCES PAPER 2


    GRADE 9
    NOVEMBER 2021
    Marks: 80
    Time: 90 minutes

    Examiner: Ms Thikazi

    Moderator: Ms Rantsi

    Instructions:

    • This question paper consists of SECTION A, SECTION B and SECTION C


    based on the prescribed content framework in the CAPS document.
    • When answering questions, candidates must apply their knowledge, skills and
    insight.
    • Answer ALL the questions on the answer sheet provided.
    • Write neatly and legibly

    Name of Learner: ______________________________


    Grade 9: _______

    Mark Obtained:

    1 2 3 4 5 6 7 TOTAL
    QUESTION

    MARK

    1
    SECTION A SHORT QUESTIONS

    QUESTION 1 MULTIPLE CHOICE

    Select the best from the choices given. CIRCLE ( ) the correct letter on the
    question paper

    1.1 Which of the following is a characteristic of a planned economy? (2)

    A. Entrepreneurs decide what goods and services to produce


    B. Workers and business make money from producing goods and services
    C. The government owns the land, natural resources, the factories and the farms
    D. The government and the business spend money on goods and services

    1.2 Choose the correct formula of the accounting equation (2)

    A. A= OE + L
    B. OE= A + L
    C. L = OE + A
    D. A= OE – L

    1.3 The economic system in which the factors of production are in the hands of
    private individuals and businesses. (2)

    A. Mixed economy
    B. Market economy
    C. Planned economy
    D. Globalization

    1.4 The three main participants in a closed economy are; (2)

    A businesses, government and households.


    B state, households and secondary sector.
    C financial institutions, firms and households.
    D households, firms and the foreign sector.

    1.5 If the cost price of a product is R900, the mark up is 40%, the selling price will
    be… (2)

    A. R1260
    B. R360
    C. R2160.
    D. R540

    [10]

    2
    QUESTION 2 TRUE OR FALSE

    State whether the following statements are TRUE or FALSE. Write ONLY the correct
    answer next to the number (2.1–2.7) of the question, for example 2.8 FALSE.

    Statement True or False


    2.1. The four elements required to produce goods or services are
    called factors of production.
    2.2. Goods or merchandise bought for the purpose of selling at a
    profit are called Trading Stock.
    2.3. Cost of sales is the cost price of goods that have been sold.

    2.4. Capital is the money that the owner withdraws from the
    business for personal use.
    2.5. The global economy refers to business being conducted
    inside the borders of a country.
    [5]

    QUESTION 3
    3.1 CHOOSE THE CORRECT WORD

    Choose the correct word from the word bank below and complete the statements that
    follow. Write only the correct answer next to the question number (1.4.1 – 1.4.5) in
    the ANSWER BOOK.

    Products; trading business; exchange rate; labour; sales, trading stock, factors of
    production

    3.1.1 Resources needed to produce goods and services______________________

    3.1.2 Goods that are bought with the intention of selling them at a profit are called
    _______________________.
    3.1.3 Gross Profit + Cost of Sales = _________________________.

    3.1.4 In a circular flow the businesses offer their _________________to households.


    1.4.5. A business that buys and sells goods to make a profit is known
    ______________________________. [5]
    TOTAL SECTION A = [20]

    3
    SECTION B THE ECONOMY
    QUESTION 4

    A B C

    4.1 Identify and explain the THREE economic systems from the above pictures.(2)

    Picture A.

    Picture B. (2)

    Picture C. (2)

    4.2 Name TWO advantages of mixed economic system. (2)

    4.3 State ONE disadvantage of Market economic system. (2)

    4
    4.4 Name ONE characteristic of planned economic system (2)

    4.5 South Africa’s economy is an example of a _________________ economic


    system (1)

    [15]

    QUESTION 5 CIRCULAR FLOW

    Study the following circular flow diagram before answering the questions.

    5.1. The statements below describe the flow of income in an economy. In each
    case indicate the relevant participant. For example: 5.1.4 – Households.

    Statement Answers
    5.1.1. Receives taxes from other
    participants.
    5.1.2. Provides labour to the
    government and business.
    5.1.3. Sells goods and services to
    the other participants.

    (1x3) (3)

    5
    5.2. Discuss TWO ways in which households receive an income. (4)

    5.3 Study the pictures below and answer the questions that follow:
    5.3.1 Identify the FOUR factors of production and give their remuneration.

    A B
    A

    C
    D

    No. Factor Remuneration


    A
    B
    C
    D
    (1x8=8)
    [15]
    TOTAL SECTION B = [30]

    6
    SECTION C ENTREPRENEURSHIIP

    QUESTION 6: SECTORS OF THE ECONOMY

    6.1 Name THREE sectors of the economy. (3)

    6.2 Explain the meaning of inputs. (2)

    6.3 Mention THREE types of businesses in the tertiary sector. (3)

    6.4 Discuss the role of secondary sector in the South African economy. (3)

    [10]

    7
    QUESTION 7

    FUNCTIONS OF THE BUSINESS

    7.1 Name the four marketing mix (4Ps). (4)

    7.2 Discuss THREE levels of management. (6)

    BUSINESS PLAN AND TRADE UNIONS

    7.3 Explain the meaning of a business. (2)

    7.4 Give two reasons why is important to have a business plan (2).

    8
    7.5 Explain the term trade union (2).

    7.6 Name any two examples of trade unions in South Africa.(2)

    7.7 Explain the meaning of strike. (2)

    [10]

    TOTAL SECTION C: 30

    GRAND TOTAL: 80

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