Download 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
In China
$1 or 50p
$0.44 or 22p
In South Africa $0.73 or 37p
In Russia
$1.41 or 70p
HOW MUCH DOES THIS COST IN THE UK?
$3.61
or
£1.94
A BIG MAC
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
HOW MUCH DOES THIS COST IN THE UK?
$286
or
£152
4GB iPOD NANO
In the USA
$249 or £125
In China
$299 or £150
In South Africa $321 or £160
In Russia
$299 or £150
HOW MUCH DOES THIS COST IN THE UK?
$139
or
£75
NIKE TRIAX
In the USA
$90 or £45
In China
$89.93 or £45
In South Africa $181.59 or £91
In Russia
$126.71 or £63
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/
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?