French, asked by vvsbvac, 1 year ago

Why is per capita income of different countries is calculated in Dollars not in their own currencies by the World Bank?​

Answers

Answered by jaisika19
5

Answer:

per capita income of different countries are calculated in dollars not in their own currency by the World bank in order to Facilitate comparison.....

Hope it helps

Answered by AbhayKM
8

Answer:

The per capita income of all the calculated in dollars becaus:

  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 the export and import pricing.
  4. purchase power parity issue
  5. In today's market the currency have a floating rate against the dollar and the exchange rate varies with time.
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