Year 9 class. Comparing prices

1. HOW MUCH IS
THAT….?
Guess the price for each Chinese item
and then if it’s higher or lower in each
other country
Thumbs up = Higher
Thumbs down = Lower

2. A CAN OF COKE
HOW MUCH DOES THIS COST IN CHINA?
$0.44
or
2.77RMB

3. In the USA $1 or 6 RMB
In South Africa $0.73 or 5 RMB
In Russia $1.41 or 9 RMB

4. A BIG MAC
HOW MUCH DOES THIS COST IN CHINA?
$1.31
or
8.27 RMB

5. In the USA $3.29 or 20 RMB
In South Africa $2.30 or 14 RMB
In Russia $1.78 or 11 RMB

6. 4GB iPOD NANO
HOW MUCH DOES THIS COST IN CHINA?
$299
Or
1900 RMB

7. In the USA $249 or 1578 RMB
In South Africa$321 or 2027 RMB
In Russia $299 or 1900 RMB

8. NIKE TRIAX
HOW MUCH DOES THIS COST IN CHINA?
$89
or
562 RMB

9. In the USA $90 or 562 RMB
In South Africa $181.59 or 1150 RMB
In Russia $126.71 or 795 RMB

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/

12. What is PPP?
• 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? – write a definition
of PPP in your books!

13. Can wealth data be trusted?
• On your own rank the GDP (per capita)
and PPP for the 10 countries.
• In groups try to explain why they do not
match perfectly.
• In groups, come up with 3 reasons this
type of wealth data may not be trustworthy

14. Homework
• It’s time now to live the billionaire lifestyle with a
jet-set holiday.
• Your billionaire uncle has given you £500
spending money (very generous!) for a holiday
to a European destination of your choice AND
somewhere in Africa (not Egypt or South Africa).
• Being a billionaire he’s already paid for your
travel and accommodation.
• Find out how long £500 will last you by
researching spending costs on the Internet
• Use www.numbeo.com to start