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