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HOW MUCH IS THAT….?

HOW MUCH IS THAT….?. HOW MUCH DOES THIS COST IN THE UK?. $0.77 or 41p. A CAN OF COKE. In the USA. $1 or 50p. In China. $0.44 or 22p. In South Africa. $0.73 or 37p. $1.41 or 70p. In Russia. HOW MUCH DOES THIS COST IN THE UK?. $3.61 or £1.94. A BIG MAC. In the USA.

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HOW MUCH IS THAT….?

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  1. HOW MUCH IS THAT….?

  2. HOW MUCH DOES THIS COST IN THE UK? $0.77 or 41p A CAN OF COKE

  3. In the USA $1 or 50p In China $0.44 or 22p In South Africa $0.73 or 37p $1.41 or 70p In Russia

  4. HOW MUCH DOES THIS COST IN THE UK? $3.61 or £1.94 A BIG MAC

  5. In the USA $3.29 or £1.65 In China $1.31 or 66p In South Africa $2.30 or £1.15 In Russia $1.78 or 89p

  6. HOW MUCH DOES THIS COST IN THE UK? $286 or £152 4GB iPOD NANO

  7. In the USA $249 or £125 In China $299 or £150 In South Africa $321 or £160 In Russia $299 or £150

  8. HOW MUCH DOES THIS COST IN THE UK? $139 or £75 NIKE TRIAX

  9. $90 or £45 In the USA $89.93 or £45 In China $181.59 or £91 In South Africa $126.71 or £63 In Russia

  10. GDP per capita • USA $44,000 or £22,000 • UK $31,800 or £15,900 • CHINA $7,700 or £3,850 • SOUTH AFRICA $13,300 or £6,650 • RUSSIA $12,200 or £6,100 FIGURES IN US$ SOURCE:https://www.cia.gov/library/publications/the-world-factbook/

  11. DISCUSSION POINTS • What do you notice about the price differences? • What proportion of their average income must people in each country spend to get these goods? • Why do people in different countries want to buy these goods? • What is purchasing power parity?

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