Question

Why is per capita income calculated in dollars 0?

Answer 1

Answer:The per capita income of all the countries are calculated in dollars because.. ... Dollar is the base currency for all export and import pricing. 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.

Explanation:

Answer 2

Answer :

Per capita income of different countries is calculated in dollars and not in their own currencies because the dollar has been the strongest and stablest currency since the end of the 2nd World War and it becomes easy to compare the per capita incomes of various countries when these are converted into a common currency, i.e., US dollar ($).

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