Question

18. Calculate GNP at MP
in crores
800
350
200
180
(1) Employee Compensation
(10) Rent and interest
(in) Profit
(iv) Indirect Tax
(V) Consumption of fixed capital
(M) Mixed Income of the self-employed
(vii) Subsidies
(vii) Net current transfers from rest of the world
(ix) Net Factor income from abroad
200
850
850
(-)100
19. Calculate GNP at MP
Particulars
(1) Indirect tax
in crores
200​

Answer 1

Answer:

a) Direct Method:

In simple arithmetic mean, there are no frequencies. To calculate simple arithmetic mean under direct method all the observations are added and divided by the total number of items. N is the number of values.