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one day Barry and Barber, Inc., collects $400 for haircuts. Over this day, his equipment depreciates in the value by $50.
Q 1: one day Barry and Barber, Inc., collects $400 for haircuts. Over this day, his equipment depreciates in the value by $50. Of the remaining $350, Barry sends $30 to the government in sales taxes, takes home $220 in wages, and retains $100 in his business to add new equipments in the future. From the $220 that Barry takes home, he pays $70 in income taxes. Based on this information, compute Barry’s contribution to the following measures of income.a.Gross Domestic Productb.Net National Productc.National Incomed.Personal Incomee.Disposable Personal Income
