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

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