GRADE 7

ECONOMICS AND MANAGEMENT SCIENCES

ANSWER BOOK
_____NOVEMBER 2023
LEARNER NAME

QUESTION 1: SECTION A-ALL TOPICS

1.1 Choose the correct answer. Write the letter of the correct answer
1.1.1
1.1.2
1.1.3
1.1.4
1.1.5

1.2: Match the phrases with the description in column B. Write the matching letter.
1.2.1
1.2.2
1.2.3
1.2.4
1.2.5

1.3: Complete the sentences

1.3.1
1.3.2
1.3.3
1.3.4
1.3.5

1.4: Fill in the missing word

1.4.1
1.4.2
1.4.3
1.4.4

1
1.4.5

QUSETION 2
SECTION B : THE ECONOMY
2.1
2.2.1

2.2.2

2.3

2.4.1
2.4.2
2.5

2.6

2.7 New technology Advantage Disadvantage

Cell phone

QUESTION 3
SECTION C: FINANCIAL LITERACY
3.1.1

3.1.2

3.2

2
3.3

3.4

3.5

3.6

3.7

3.8

QUESTION 4
SECTION D: ENTREPRENEUR
4.1

4.2.1
4.2.2
4.2.3
4.2.4
4.2.5
4.3

4.4

3
4.5

4.6

Question 5

5.1
5.2

5.3

5.4
5.5

5.6

5.7

4
QUESTION 6

Cost price Mark-up Selling price

Items
1. Cold drink R6 R4
2. Sweets R5 R17
3. Hot dogs R275 R375
4. Chips R52,50 R7,05