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

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