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

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