Part 7 Economics PI, PDI, PCI, GCF ,GDP By Md kashif hayat

1 Define personal income ?

Ans = It is the sum of all the incomes received by all the households during a given period say financial year. 

2 Mathematical formula for personal income is ?

Ans ,PI = NI + income received but not earned - income earned but not received

3 What is PDI define it ?

Ans = measures the after-tax income of persons and nonprofit corporations.

Or

 If the personal tax payments and Non tax payments are deducted from personal income PDI is obtained. 

4 Define mathematical formula for PDI ?

Ans = PI - Personal tax payments - Non tax payments 

5 What is the full form of PCI ?

Ans = Per capita income 

6 Define PCI ?

Ans = It is generally calculated by dividing the total national income ( GDP)  by total population.It serve as an indicator of a country's living standard. 

( Note = It is not the average income because it includes working and non working peoples and child.) 

7 Define GDP deflator/Implicit price deflater ?

Ans = The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a financial year.

8 What is the mathematical formula for GDP price deflater ? 

Ans = GDP price deflater = ( Nominal GDP / Real GDP)*100

9 What is the full form of GCF ?

Ans = Gross Capital formation 

10 Define GCF ?

Ans = It is defined as the new investment addition to the fixed assets, plus the net change in inventions. 

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Part 6 Economics Some important Organization and terms by Md kashif hayat

1 What is the full form of PI ?

Ans = Personal income 

2 What is the full form of PDI ?

Ans = Personal Disposable income 

3 What is the full form of PCI ? 

Ans = Per Capita income 

4 what is the full form of GCF ? 

Ans = Gross capital formation 

5 What is the full form of IFI ? 

Ans = international financial institution 

6 what is the full form of IBRD ? 

Ans = The international bank for reconstruction and development 

7 What is the full form of IDA ? 

Ans  = The international development association 

8 What is the full form of IFC? 

Ans = The international finance corporation 

9 What is the full form of MIGA ? 

Ans = The multilateral investment guarantee agency 

10 What is the full form of ICSID ? 

Ans = The international center for settlement of Investment disputes 

11 What is the full form of IMF ? 

Ans = International Monetary fund 

12 What is the full form of AIIB ?

Ans = Asian infrastructure investment bank 

13 What is the full form of ADB ? 

Ans = Asian Development Bank 

14 What is the full form of NDB ?

Ans = New development bank 🏦 

© Md kashif hayat 

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Part 5 Economics NDP and NNP questions and answers Md kashif hayat

1 What is the full form of NDP? 

Ans = Net domestic products 

2 what is NDP? 

Ans = The net domestic product (NDP) equals the Gross Domestic product (GDP) minus depreciation  on a country's capital goods ( source Wikipedia) 

3 What is the mathematical formula for NDP? 

Ans =NDP= GDP - D 

4 Define depreciation in economics? 

Ans. Due to use or wear and tear when the monetary value of an assets decreases with passing time is known as depreciation. 

5 Define the full form of NNP? 

Ans = Net national product

6 What is NNP? 

Ans = The value of all finished Goods and services produced by a country's citizens in foreign territory and within the territory of own country is known as NNP. 

7 which term is technically treated as national income? 

Ans = NNP 

8 what is the mathematical formula for NNP? 

Ans = GNP - D ( depreciation) 

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Economy part 4 Important Question on NFFI

1 What is NFFI ? 

Ans = Difference between a nations  GNP-GDP

2 Which is calculated as the difference between the total amount that a country's citizens + company earn abroad, and the total sum of amount that the foreign citizens +companies Eran in the country 

Ans = NFFI 

3 what is the full form of NFFI?  

Ans = Net foreign factor income 

4 In mathetical term NFFI? 

Ans= NFFI = GNP-GDP. 

5 What is the full form of BEA? 

Ans = Bureau of economic analysis 

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