not merely per capita but in net dollars:

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woolim

Senior Member
EX)
Kaupþing’s collapse in 2008 was the fourth largest bankruptcy in the history of capitalism
not merely per capita of the Icelandic population but in net dollars: $20,000 million. Twenty billion dollars.

I don't understand the underlined clause exactly.
Of course, I know the respective words.
What's the meaning?
※ I'm sorry, but I don't have the source.
 
  • dojibear

    Senior Member
    English - Northeast US
    "The collapse was the 4th largest in history net, in dollars."

    There are various ways of calculating "largest": by country size, by country population ("per capita"), by country GDP, by "inflation-correct prices" ($1,000 in 1954 is $90,000 in today's dollars), or in simple dollars.

    This was "fourth largest in simple dollars".
     

    woolim

    Senior Member
    "The collapse was the 4th largest in history net, in dollars."

    There are various ways of calculating "largest": by country size, by country population ("per capita"), by country GDP, by "inflation-correct prices" ($1,000 in 1954 is $90,000 in today's dollars), or in simple dollars.

    This was "fourth largest in simple dollars".
    I'm still confused. Why does the 'per capita' mentioned in describing forth largest bankruptcy?
     

    dojibear

    Senior Member
    English - Northeast US
    It says it is not "per capita". Many uses of "largest" are "per capita", so the writer emphasizes that this use is not.
     
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