a single day Raju, the parber, collects Rs 500 from haircuts; over this day, his equipment depreciates in value by Rs 50. Of the remaining Rs 450, Raju pays sales tax worth Rs 30, takes home Rs 200 and retains Rs 220 for improvement and buying of new equipment. He further pays Rs 20 as income tax from his income. Based on this information, complete Raju's contribution to the following measures of income 1. Gross Domestic Product 2. NNP at market price 3. NNP at factor cost 4. Personal income 5. Personal disposable income.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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8. In a single day Raju, the barber, collects Rs
500 from haircuts; over this day, his
equipment depreciates in value by Rs 50. Of
the remaining Rs 450, Raju pays sales tax
worth Rs 30, takes home Rs 200 and retains
Rs 220 for improvement and buying of new
equipment. He further pays Rs 20 as income
tax from his income. Based on this
information, complete Raju's contribution to
the following measures of income
1. Gross Domestic Product
2. NNP at market price
3. NNP at factor cost
4. Personal income
5. Personal disposable income.
Transcribed Image Text:8. In a single day Raju, the barber, collects Rs 500 from haircuts; over this day, his equipment depreciates in value by Rs 50. Of the remaining Rs 450, Raju pays sales tax worth Rs 30, takes home Rs 200 and retains Rs 220 for improvement and buying of new equipment. He further pays Rs 20 as income tax from his income. Based on this information, complete Raju's contribution to the following measures of income 1. Gross Domestic Product 2. NNP at market price 3. NNP at factor cost 4. Personal income 5. Personal disposable income.
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