Question

Why is per capita income of different countries calculated in dollars and not in their own currencies by the world bank ?
(class 10 CBSE SAMPLE PAPER 2017-18 SOCIAL SCIENCE)

Answer 1

SOLUTION:

Per capita income of different countries are calculated in Dollars and not in their own currency by the World Bank in order to facilitate comparison. Per capita income of each country is estimated in its own currency then it is converted into dollars at the current rate of exchange. This makes comparison of different currencies of world possible and help in setting of accounts between different countries.

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Answer 2

answer is given below refer it and plz  mark me brainliest.....                                                                                                   Per capita income of different countries are calculated in Dollars and not in their own currency by the World Bank in order to facilitate comparison. Per capita income of each country is estimated in its own currency then it is converted into dollars at the current rate of exchange