P5 - Money Sense

What do we call something you must have so that you can survive?

What do we call something you would like to have, but do not need to survive?

Which of the following should be at the bottom of a list of priorities?

• Food

• Shelter

• Games

• Water

Answer explanation

You don't need games to survive, but you do for the other 3.

The Big Mac Index can be used to compare the cost of ______ in different countries

Which country has the highest cost of living in terms of the Big Mac Index

• US

• Australia

• UK

• Switzerland

Which country has the lowest cost of living in terms of the Big Mac Index

• Brazil

• Venezuela

• China

• New Zealand