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

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