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