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What is the per capital income of different countries calculated in dollar and not in their own currencies by the World Bank

Posted by Ranveer Ranjan 6 years, 11 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 11 months ago

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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