One day barry the barber inc collects 400 for haircuts over


One day, Barry the Barber, Inc., collects $400 for haircuts. Over this day, his equipment depreciates in 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 equipment in the future. From the $220 that Barry takes home, he pays $70 in income taxes. Based on his information, compute Barry's contribution to the following measures of income: gross domestic product, net national product, national income, personal income, disposable personal income.

Request for Solution File

Ask an Expert for Answer!!
Econometrics: One day barry the barber inc collects 400 for haircuts over
Reference No:- TGS0576444

Expected delivery within 24 Hours