Choose whether the statement is true/false:

The per capita income of different countries is calculated in dollars.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The above statement is true.
The per capita income of different countries is calculated in dollars.
Since the dollar has been the most robust and stable currency since the end of World War II, it is easier to compare the per capita incomes of different countries when converted into expected cash, such as the US dollar ($). Accordingly, the per capita income of other countries is calculated in dollars rather than in their currencies. The World Bank employs this criterion to categorise nations in its World Development Reports. High-income or affluent nations had a per capita income of at least US$49,000 annually in 2019, whereas low-income countries had a per capita income of US$2,550 or less.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th