what is per capita income? why do you think it is expressed in us dollores?
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Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population...
The per capita income of all the countries are calculated in dollars because..
1.Dollar is an standard international currency.
2. It is the largest used currency in the world.
3. Dollar is the base currency for all export and import pricing.
The per capita income of all the countries are calculated in dollars because..
1.Dollar is an standard international currency.
2. It is the largest used currency in the world.
3. Dollar is the base currency for all export and import pricing.
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The per capita income of all the countries are calculated in dollars because.. 2. It is the largest used currency in the world. ... 4.The common currency system taking dollar as the base was devised to bring an homogeneity for studying the GDP of all countries with the same base.
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