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
In Russia
$1.41 or 9 RMB

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. In the USA
$249 or 1578 RMB
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
$ or 1150 RMB
In Russia
$ 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:

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 to start