Question

Expand the following:
1. NNP
2. PCI

Answer 1

1) Full form of NNP is Net National Product.

- It determines the all total market value of the products or goods done in a factory of a country and does not include depreciation.

2) Full form of PCI in the field of economics is Payment Card Industry.

- This is a kind of security provided by the business of credit card industry so that the data is protected and encrypted.

- This is a technical and operation support given by the credit card providers for the safety of the clients.

Answer 2

NNP: NNP is the Net National Product.

PCI: PCI is the Per capita income.

Explanation:

• NNP at FC is the sum total of component profit earned by the normal householder of a country during one year. It can be either at factor market price or cost.  Factor income is the 'income earned' by a factor of production for rendering their services to the production.
• PCI is the average profit of the country. This will be evaluated by dividing the profit income of a country by its total population. It is used to distinguish the income level of different countries.

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Expand the following:

1. NNP

2. PCI

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