Why is the per capita income of different countries calculated in dollars and not in their own currencies by the World Bank?

Nikita Chetry
Latest Answer: 3 weeks ago
In: Arts & Humanities

Why is the per capita income of different countries calculated in dollars and not in their own currencies by the World Bank?

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1 Answers

Answered By Nikita Chetry
Answer: 3 weeks ago

Dollar is a hard currency. It is accepted by all member nations of the World Bank. Therefore, every country calculates its per capita income in dollars to provide a real and exact picture of its econo... Read More

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