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