Why is per capita income of different countries calculated in dollars and not in their own currencies by the World Bank?
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.. tbe ep dx iop.. 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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Per capita income of all the countries is calculated in dollars because US dollar is considered as the medium of international exchange. It is accepted as a method of payment across the world.
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