What is the per capital income …
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Yogita Ingle 6 years, 6 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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