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