(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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Provide an example of demand-pull inflation.
What is the GDP growth target rate for Australia?
What is the target rate for unemployment?
Describe frictional unemployment.
Explain cyclical unemployment.
How can technological advancements shift the PPF?
What are leakages in the circular flow of income?
What causes demand-pull inflation?
Explain the concept of opportunity cost.
What causes structural unemployment?
Define inflation.
What is likely to occur to inflation when there is an increase in economic activity?
What is the inflation target rate?
What are the components of GDP?
What are the factors of production?
List three limitations of GDP as a measure of growth.
What does a point on the PPF represent?
What does it mean if an economy is producing inside the PPF?
Define labour force.
What are injections in the circular flow of income?
What is the formula for the unemployment rate?
How does unemployment affect economic growth?
What does a point outside the PPF represent?
What happens to economic activity if injections exceeds leakages?
What happens to economic activity if leakages exceeds injections?
What is likely to occur to unemployment when there is an increase in economic activity?
Explain why inflation might be high in the current economic environment.
How does inflation affect purchasing power?
What is the Consumer Price Index (CPI)?
Explain the concept of leakages in the circular flow of income.
Define GDP.
How is someone classified as employed?
What is the formula for the rate of growth of GDP?
What causes cost-push inflation?
What does it mean if an economy is producing inside the PPF?