Why is per capita income calculated …

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Why is per capita income calculated in US dollars

Posted by Gaurang Jain 4 years, 8 months ago

CBSE > Class 10 > Social Science

4 answers

Adithya Dev A 4 years, 8 months ago

1) It can be used for comparison at international level due to large scale acceptance. 2) Every dollar can be used to buy the same basket of goods and services in all countries across the world - Purchasing Power Parity (PPP).

1Thank You

Nidhil . P 4 years, 8 months ago

It is because, to ensure uniformity in calculation

1Thank You

Dharshanaa Dharshu 4 years, 8 months ago

Money is accepted as a medium of exchange . It is accepted as a payment across the globe ??

0Thank You

Panglossian One 4 years, 8 months ago

* It is considered as a medium in International exchange. * It is accepted as a payment across the globe.

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CBSE > Class 10 > Social Science