why is per capita income counted in dollar rather than rupees?
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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.
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.
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.
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.
Normal0Student:
Exactly
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