Define labourforce.      Explain the conceptof leakages in thecircular flow ofincome.    Explain theconcept ofopportunity cost.     How cantechnologicaladvancements shiftthe PPF?     What are thecomponents ofGDP?     What does a pointoutside the PPFrepresent?     Defineunemployment.       Provide an exampleof demand-pullinflation.      Why does GDP notaccount for incomeinequality?      Provide an exampleof cost-push inflation.      What causes cost-push inflation?      What causesstructuralunemployment?     Why is environmentaldegradation alimitation of GDP?      What is the targetrate forunemployment?     What are injectionsin the circular flowof income?     What is the inflationtarget rate?      Who is considered notin the labor force?       What does it mean ifan economy isproducing inside thePPF?     Explain the netexports component ofGDP.      How can economicgrowth be shown ona PPF?     What are leakagesin the circular flowof income?     Describe frictionalunemployment.      What is theConsumer PriceIndex (CPI)?      What is likely to occurto inflation when thereis an increase ineconomic activity?     What causesdemand-pullinflation?      What does a point onthe PPF represent?      Define GDP.       What is likely tooccur tounemployment whenthere is an increasein economic activity?    How do householdscontribute to thecircular flow ofincome?     What is the formulafor theunemployment rate?      What is the role offinancial sector in thecircular flow ofincome?     List three limitationsof GDP as ameasure of growth.     How doesunemployment affecteconomic growth?     How is someoneclassified asemployed?      What is the formulafor the rate ofgrowth of GDP?     What happens toeconomic activity ifleakages exceedsinjections?    What does it mean ifan economy isproducing inside thePPF?     Define inflation.       Describe theinteraction betweenhouseholds and firmsin the circular flow ofincome.     Explain why inflationmight be high in thecurrent economicenvironment.      How can economicgrowth be shown ona PPF?      Define economicgrowth.     What are the factorsof production?      What happens toeconomic activity ifinjections exceedsleakages?    What is the GDPgrowth target ratefor Australia?     How does inflationaffect purchasingpower?       What is the role ofgovernment sectorin the circular flowof income?    Explain cyclicalunemployment.       Define labourforce.      Explain the conceptof leakages in thecircular flow ofincome.    Explain theconcept ofopportunity cost.     How cantechnologicaladvancements shiftthe PPF?     What are thecomponents ofGDP?     What does a pointoutside the PPFrepresent?     Defineunemployment.       Provide an exampleof demand-pullinflation.      Why does GDP notaccount for incomeinequality?      Provide an exampleof cost-push inflation.      What causes cost-push inflation?      What causesstructuralunemployment?     Why is environmentaldegradation alimitation of GDP?      What is the targetrate forunemployment?     What are injectionsin the circular flowof income?     What is the inflationtarget rate?      Who is considered notin the labor force?       What does it mean ifan economy isproducing inside thePPF?     Explain the netexports component ofGDP.      How can economicgrowth be shown ona PPF?     What are leakagesin the circular flowof income?     Describe frictionalunemployment.      What is theConsumer PriceIndex (CPI)?      What is likely to occurto inflation when thereis an increase ineconomic activity?     What causesdemand-pullinflation?      What does a point onthe PPF represent?      Define GDP.       What is likely tooccur tounemployment whenthere is an increasein economic activity?    How do householdscontribute to thecircular flow ofincome?     What is the formulafor theunemployment rate?      What is the role offinancial sector in thecircular flow ofincome?     List three limitationsof GDP as ameasure of growth.     How doesunemployment affecteconomic growth?     How is someoneclassified asemployed?      What is the formulafor the rate ofgrowth of GDP?     What happens toeconomic activity ifleakages exceedsinjections?    What does it mean ifan economy isproducing inside thePPF?     Define inflation.       Describe theinteraction betweenhouseholds and firmsin the circular flow ofincome.     Explain why inflationmight be high in thecurrent economicenvironment.      How can economicgrowth be shown ona PPF?      Define economicgrowth.     What are the factorsof production?      What happens toeconomic activity ifinjections exceedsleakages?    What is the GDPgrowth target ratefor Australia?     How does inflationaffect purchasingpower?       What is the role ofgovernment sectorin the circular flowof income?    Explain cyclicalunemployment.       

Year 10 Economics - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. Define labour force.
  2. Explain the concept of leakages in the circular flow of income.
  3. Explain the concept of opportunity cost.
  4. How can technological advancements shift the PPF?
  5. What are the components of GDP?
  6. What does a point outside the PPF represent?
  7. Define unemployment.
  8. Provide an example of demand-pull inflation.
  9. Why does GDP not account for income inequality?
  10. Provide an example of cost-push inflation.
  11. What causes cost-push inflation?
  12. What causes structural unemployment?
  13. Why is environmental degradation a limitation of GDP?
  14. What is the target rate for unemployment?
  15. What are injections in the circular flow of income?
  16. What is the inflation target rate?
  17. Who is considered not in the labor force?
  18. What does it mean if an economy is producing inside the PPF?
  19. Explain the net exports component of GDP.
  20. How can economic growth be shown on a PPF?
  21. What are leakages in the circular flow of income?
  22. Describe frictional unemployment.
  23. What is the Consumer Price Index (CPI)?
  24. What is likely to occur to inflation when there is an increase in economic activity?
  25. What causes demand-pull inflation?
  26. What does a point on the PPF represent?
  27. Define GDP.
  28. What is likely to occur to unemployment when there is an increase in economic activity?
  29. How do households contribute to the circular flow of income?
  30. What is the formula for the unemployment rate?
  31. What is the role of financial sector in the circular flow of income?
  32. List three limitations of GDP as a measure of growth.
  33. How does unemployment affect economic growth?
  34. How is someone classified as employed?
  35. What is the formula for the rate of growth of GDP?
  36. What happens to economic activity if leakages exceeds injections?
  37. What does it mean if an economy is producing inside the PPF?
  38. Define inflation.
  39. Describe the interaction between households and firms in the circular flow of income.
  40. Explain why inflation might be high in the current economic environment.
  41. How can economic growth be shown on a PPF?
  42. Define economic growth.
  43. What are the factors of production?
  44. What happens to economic activity if injections exceeds leakages?
  45. What is the GDP growth target rate for Australia?
  46. How does inflation affect purchasing power?
  47. What is the role of government sector in the circular flow of income?
  48. Explain cyclical unemployment.