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

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