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