In the News
Cities with Highest and Lowest Taxi Fares
16th October 2015
This infographic from the people at Statista would make for a terrific stimulus to classroom discussion. A taxi journey is a fairly homogenous service from city to city across the world, but the average price for say a three mile trip varies greatly - why? The 2015 UBS prices and earnings survey is a great resource to use when discussing purchasing power parity and measures of the standard of living.
- Economics
- Blog
- In the News
- Standard of Living
- Purchasing Power Parity (PPP)
- Transport economics
- Relative prices
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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