# 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
"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
It says it is not "per capita". Many uses of "largest" are "per capita", so the writer emphasizes that this use is not.

#### woolim

##### Senior Member
It says it is not "per capita". Many uses of "largest" are "per capita", so the writer emphasizes that this use is not.
Ah, I understand. Thank you, dobibear!

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