GENERAL EDUCATION AND TRAINING (GET)

Economic and Management Sciences

(EMS)
MID-YEAR EXAMINATION - 2023
GRADE 9 PAPER 2

INSTRUCTIONS
This question paper consists of 3 sections:
1. Read each question carefully.
2. This paper must be completed in 60 minutes.
3. Write neatly and legibly.
4. Answer ALL questions using the spaces provided.

MARKING GUIDELINES

DURATION: 60 minutes MARKS: 50

MARKS TIME
SECTION TYPES OF QUESTIONS
ALLOCATION ALLOCATION
SECTION A 1.1. Multiple Choice Question 05
 Economy
 Financial Literacy 1.2. True or False 05
15 15 minutes
 Entrepreneurship
[15 Marks] 1.3. Matching Columns 05
2. Short Answer Questions 04
SECTION B 3. Cartoon 07
30
 The Economy 27 minutes
[34 Marks] 4. Graph 08
5. Case Study 15
SECTION C 6. Short Answer Questions 05
 Entrepreneurship 05 18 minutes
[05 Marks] Cartoon / Diagrams

TOTAL MARKS 50 60 minutes

 SECTION A
QUESTION 1
1.1 MULTIPLE CHOICE QUESTIONS [05 Marks]
Choose one correctanswerfromthealternativesgiven.Write thecorrect letter on the
spaces provided.
STATEMENTS MARKS ANSWER
1.1.1 The economic system whereby the fundamental economic
questions are determined by the demand and supply is known
as …..
(1) A
A. Capitalist System
B. Communist System
C. Command System
D. Centrally Planned System
1.1.2 The circular flow diagram represents ______________
A. the flow of money and goods in the economy.
B. changes in the economic performances.
(1) A
C. the determination of prices of goods and services
in the market.
D.the decline in economic activities.
1.1.3 The industry and sector of economy which will benefit the most
from soccer world cup in is……………
A. Tourism – Tertiary
(1) C
B. Mining – Primary
C. Motor assembly- Secondary
D. Fishing – Primary
1.1.4 The remuneration for capital as a factor of production is …
A. rent.
B. salaries and wages.
C. profit.
D. interest. (1) D
1.2. TRUE OR FALSE [05 Marks]
Indicate whether the following statements are true or false. Write only the answer on
the spaces provided for example 1.2.6. False
No STATEMENTS MARKS ANSWER
1.2.1 Electricity supplied by ESKOM to Checkers is an example of (1) FALSE
public goods
1.2.2 In an open economy, the foreign sector is one of the (1) TRUE 
participants
1.2.3 Equilibrium is a point where only both demand and supply (1) TRUE
meet
1.2.4 A decrease in the price of OMO may cause a decrease in the (1) TRUE
demand for SURF
1.2.5 Tertiary sector tends to have a greater impact on the (1) FALSE
05
environment than both primary and secondary sectors

1.3. MATCHING COLUMNS QUESTION [ 05 Marks]

Choose a statement from column A that matches the term in column B. Write only the
letter on the spaces provided.
No COLUMN A COLUMN B MARKS ANSWER
1.3.1 An economic system in which all the A. Households (1) E
economic activities are determined by the
state.
05
1.3.2 Sellers of factors of production and buyers B. Substitute (1) A
goods
of products and services
1.3.3 Different products that can satisfy the same C. Interest (1) B
need.
1.3.4 Remuneration for capital D. Wholesaler (1) C
1.3.5 A business found in the tertiary sector E. Planned (1) D
Economy
F. Profit

SECTION B – THE ECONOMY

QUESTION 2
Complete the following diagram by writing the correct concept/ term representing the relevant
flow of money or goods and services next to the appropriate number in the circular flow. Use
the space provided to write your answers.
2.1
2.1.1. Factors of Production (Labour, 2.1.2. Public Goods and servicesü
Capital, Entrepreneurial Skills and Natural
Resources / Land)ü
2.1.3. Consumer spending / Payments for 2.1.4. Goods and Servicesü
(4) 04
goods and servicesü
 QUESTION 3
3.1. A – Planned economy 
B – Mixed economy 
C – Market economy.  (3)

3.2. Mention two features / characteristics of Economic System applied in South Africa.
a) People are free to produce what they want or establish businesses of their choice but
through state regulations.üü 07
b) Prices of goods and services are market-driven but within state inflationary
controls.üü (4)
c) There is private initiative and ownership of economic activities with minimal state
intervention in cases where markets fail.üü (Accept any two) 05
QUESTION 4
Answer Questions that follow:
4.1. Identify and explain the following:
4.1.1. Equilibrium price is R20.ü It refers to the price at which the demand and supply
curves intersect or meet.üü
(4)
4.1.2. Equilibrium quantity is R200.üIt refers to the quantity at which the demand equals
supply.üü
4.2. LAW OD DEMAND
When price of goods increaseü, goods demanded decreasedü (4)
08
When price of goods decreaseü, goods demanded increasedü

SECTION D: ENTREPRENEURSHIP
QUESTION 5 [15 MARKS]
5.1. Classify the following industries into primary, secondary and tertiary sectors.
Indicate with a cross (x) in the relevant column.
Industry Primary Secondary Tertiary (5)
Forestry X
Fishing X
Hotel X
Banking X
Manufacturing X
5.2. Briefly describe the interrelationships between the three sectors of the economy.
The primary sector uses goods such as tools manufactured by the secondary sector and
also needs distribution services from the tertiary sector to supply raw materials to various (4)
placesüüü
The secondary sector requires raw materials from the primary sector to manufacture
products and also needs the tertiary sector to distribute those products to the
consumers.üüü
The tertiary sector distributes materials received from both the primary sector and the
secondary sectorüüü
5.3 Explain why it is important for the primary sector to ensure the sustainable use of (2)
. resources.
The primary sector’s resources need to be sustained or made available for use by future
generations. E.g. plants and animals must be well looked after to prevent extinction. üü

5.4 Mention four roles of the Primary sector in the economy.

.

5.4.1 Provides employmentü

5.4.2 Extracts/provides raw materialsü (4)
5.4.3 Contributes to GDPü
15
5.4.4 Responsible for food productionü(Any other relevant answers)

QUESTION 6 [05 Marks]

6.1. Identify the sector in the picture:

Tertiary sectorüü

6.2. List THREE types of skills that may be found in this sector
Skilled labourü
Semi-skilled labourü
05
Unskilled labourü

[TOTAL: 50 MARKS]