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