(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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How can economic growth be shown on a PPF?
What causes structural unemployment?
What does a point on the PPF represent?
What is the role of government sector in the circular flow of income?
Why is environmental degradation a limitation of GDP?
Why does GDP not account for income inequality?
What is the formula for the rate of growth of GDP?
What is the target rate for unemployment?
What is the role of financial sector in the circular flow of income?
Provide an example of cost-push inflation.
What causes cost-push inflation?
How do households contribute to the circular flow of income?
Describe frictional unemployment.
How can technological advancements shift the PPF?
Explain the concept of leakages in the circular flow of income.
What are leakages in the circular flow of income?
Define inflation.
Define labour force.
Explain cyclical unemployment.
What causes demand-pull inflation?
What is the Consumer Price Index (CPI)?
What happens to economic activity if injections exceeds leakages?
Describe the interaction between households and firms in the circular flow of income.
Explain why inflation might be high in the current economic environment.
What does a point outside the PPF represent?
Provide an example of demand-pull inflation.
How is someone classified as employed?
What is the formula for the unemployment rate?
Define unemployment.
What is likely to occur to unemployment when there is an increase in economic activity?
What does it mean if an economy is producing inside the PPF?
Define economic growth.
What are the factors of production?
What happens to economic activity if leakages exceeds injections?
What is the GDP growth target rate for Australia?
List three limitations of GDP as a measure of growth.
Explain the concept of opportunity cost.
What are injections in the circular flow of income?
How does unemployment affect economic growth?
How does inflation affect purchasing power?
What are the components of GDP?
What is likely to occur to inflation when there is an increase in economic activity?
Who is considered not in the labor force?
What does it mean if an economy is producing inside the PPF?