Question

Why per capita income is calculated in US dollars

Answer 1

hey!!!

here is u r answer..

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the total per capita income is calculated in us dollars because:---

1.dollar is an standard international currency.

2.if 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 leaving an homogeneity for studying .the gdp of all country with the same bases.

5.purchases power parity issues.

6.in today market currency.

if u In 2001=1$=46.5₹.

in present day 2018=$=62₹.


I hope u r misunderstanding clear in my answer..

ok

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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