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