Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is/are reason(s) to calculate per capita income in US dollars?

• A. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> It is one of the strongest currencies.
• B. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> It is accepted as a medium of exchange internationally.
• C. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> It remains stable under all market conditions.
• D. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> It allows comparison between different countries.

Answer 1

Answer: (A), (B), (D)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> It allows comparison between different countries.

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Since most of the countries have different currencies, it becomes difficult to compare per capita income in their own currency. It is calculated in US Dollar owing to the following reasons:
1. It is the strongest currency.
2. It is accepted as a medium of exchange internationally.
3. It allows comparison of the development of different countries at an international level.