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