The Stanley Corp

question 69

Essay

The Stanley Corp. provides the following data for 2011:

The net income for 2011 is $2,300,000. The company's tax rate is 30 percent. No conversions or options were exercised during 2011.

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Definitions:

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the actual productivity of an economy.

Real GDP

Gross domestic product adjusted for inflation; gross domestic product in a year divided by the GDP price index for that year, the index expressed as a decimal.

Per Capita GDP

The total Gross Domestic Product of a country divided by its population, indicating the average economic output per person.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income by the population size.