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