EXPLAIN .... per capita income is calculated in dollars that would buy an equal amount of goods in each country....please answer only if u know the answer....
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Dollars is used to calculate per capita income because it is of the most widely accepted currencies in the world.
Ex. if you can buy 10 kg of sugar in China with $10 that $10 will buy same amount of sugar in India bcoz of its wide acceptane
Ex. if you can buy 10 kg of sugar in China with $10 that $10 will buy same amount of sugar in India bcoz of its wide acceptane
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