6. Problems and Applications Q12
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 this information, complete the following table by computing Barry's contribution to the measures of income listed.
Barry's Contribution
Measure of Income
(Dollars)
Gross Domestic Product \( \square \)
Net National Product \( \square \)
National Income
\( \square \)
Personal Income \( \square \)
Disposable Personal Income \( \square \)