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