Per capita income is calculated in ____.

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Detailed Solution

Per capita income is calculated in dollars, and dollar currency is presented for all countries to measure the Human development index. Per capita income is considered one of the most important attributes for comparing countries’ development. Per capita income criteria are used to compare different countries to know the development level of different countries. It is also known as average income. It indicates how much each person in the country is likely to earn. Per capita income is the total income of all residents of the country divided by the size of the country.

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