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

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