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