Why per capita income of different countries calculated in dollars and

1.	Why per capita income of different countries calculated in dollars and not in their own currencies by the world bank? *
Answer» HEY friend! Here is your answer: " Why per capita INCOME of DIFFERENT countries calculated in dollars and not in their own currencies by the world bank? " To classify the countries on the basis of rich, poor and middle economies, there has to be set a uniform system of currency whose VALUE should be uniform everywhere in all the world. Dollar is a RIGID standard currency which is used in many countries of the world. The currency dollar is used as it is also a middle value currency, not too high, not too low. It is kept in mind that the same amount of dollars buys almost the same amount of goods in every country. I hope it helps you

Why per capita income of different countries calculated in dollars and not in their own currencies by the world bank? *

Answer»

HEY friend!

Here is your answer:

" Why per capita INCOME of DIFFERENT countries calculated in dollars and not in their own currencies by the world bank? "

To classify the countries on the basis of rich, poor and middle economies, there has to be set a uniform system of currency whose VALUE should be uniform everywhere in all the world.

Dollar is a RIGID standard currency which is used in many countries of the world. The currency dollar is used as it is also a middle value currency, not too high, not too low.

It is kept in mind that the same amount of dollars buys almost the same amount of goods in every country.

I hope it helps you

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