1 / 14

HOW MUCH IS THAT….?

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. HOW MUCH DOES THIS COST IN CHINA?. $0.44 or 2.77RMB. A CAN OF COKE. In the USA. $1 or 6 RMB. In South Africa. $0.73 or 5 RMB.

lindapwilliams
Download Presentation

HOW MUCH IS THAT….?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

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

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

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

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

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

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

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

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

  12. 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

  13. 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

More Related