Social Sciences, asked by vignesha6398, 8 months ago

Why we compare of of countries with annual income

Answers

Answered by Harshtyl
1
1.Since GDP is measured in a country’s currency, in order to compare different countries’ GDPs, we need to convert them to a common currency.

2.One way to compare different countries' GDPs is with an exchange rate, the price of one country’s currency in terms of another
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3.GDP per capita is GDP divided by population.
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