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