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