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