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

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