Question

why is per capita income calculate in the us dollars

Answer 1

HEY FRND...☺☺⛤⛤☛
⛤☛☺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.
OR......⛤☛
⛤⛤☛☺Per capita income is calculated in dollars not in rupees b'coz dollar is considered to be a medium of international exchange and also dollar is accepted everywhere.

Answer 2

Answer:

Explanation:

• The Per Capita income is calculated in US dollars.
• It is the common medium of international exchange is US dollars.
• Countries from all across the world accept it.

The reason Per Capita Income is calculated in US dollars is:

• It is not calculated in the own currency of the country but in US dollars because the US dollar is considered the strongest currency after the second world war.
• It is relatively much easier to compare the per capita incomes of several countries once it gets converted into a common currency which is the US dollar.
• It makes the task much more convenient and hassle-free.
• Hence, Per Capita Income is calculated in US dollars.

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