The calculated values for the nominal GDP are as follows:
$ 5677 . 72 it is inflating$ 7614.81 it is inflating$ 10283 . 59 it is inflating$ 13312.50 it is deflating$ 15942.92 it is deflatingHow to solve for the nominal GDPFor the year 1978
2,293.80 * 100 / 40.40
= 229,380 / 40.40
= $ 5677 . 72
The nominal GDP is inflating here
For the year 1988
we have 5,100.40 x 100 / 66.98
= 510040 / 66.98
= $ 7614.81
Nominal GDP is inflating here
For the year 1998
we have 8,793.50 * 100 / 85.51
= 879350 / 85.51
= $ 10283 . 59
The Nominal GDP is inflating here
For the year 2008
we have 14,441.40 * 100 / 108.48
= 1444140 / 108.48
= 13312.50
The nominal GDP is deflating here
For the year 2018
20,501.00 * 100 / 128.59
= 2050100 / 128.59
= $15942.92
The nominal GDP is deflating here.
Note, the Nominal GDP is said to inflate if the calculated value is more that the Nominal GDP in millions. It is said to deflate if the reverse is the situation.
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1. Mel Merchant has a neighborhood grocery store that he would like to sell Bill buyer is interested in purchasing the store, but he is concerned because he knows that Mel has built up a lot of good will over the years, and he wonders whether Mel might just open up a new store down the block and take all the business from the old store with him. At the time of the sale Bill asks for and receives from Mel a clause in the agreement that Mel will not open another grocery store within a 150 mile radius of the old store for a period of ten years.
(a) What is this agreement called?
(b) Is the negotiated agreement a valid one?
(c) What guidelines would a court follow in assessing its enforceability?
a.) The name that the agreement/covenant that was made here is called is the non compete agreement.
b.) The clause that was negotiated is not a valid one.
c.) To enforce it, the court would have to check the period as well as the geographical area.
What business agreement do we have here?This is the agreement that was made that has the restraint of trade. That is there is a restraint that had the covenant not to compete. This is what is called the non compete agreement.
The non compete or the restrictive clause is one where a person would agree no to go into a business that would act as a competition to another party.
b. The negotiated clause that has been made here can not be said to be valid, To be enforceable it has to be within a geographical area within a reasonable period of time. The store is just a neighbor hood store that is a small scale store. Mel is not to carry out her operations within 150 miles.
This is unreasonable because it can cause her to either relocate or have to move away to a different business.
c. The period of time that is within the compass and the area would have to be checked by the court. This is what would be helpful to check the interest of the promisee .
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James Sebenius identifies mistakes that negotiators make that keep
them from solving the right problem. Identify which mistake is being described.
Relationships, process, and interests are neglected - the primary negotiation factor is economic.
Group of answer choices
Failing to Correct for Skewed Vision.
Searching Too Hard for Common Ground.
Neglecting BATNAs.
Letting Price Bulldoze Other Interests.
Common ground in talks, which helps with the main negotiation component of economics, enables parties with disparate interests to give each other what they value most at the lowest possible cost.
what are the Six Habits of Merely Effective Negotiators?Neglecting the other side's problem:You can't address either of your problems or the problem of the other party if you don't comprehend the agreement from their point of view.
Letting price bulldoze other interests:Most business transactions have interests than money.
Letting positions drive out interests:Incompatible stances can conceal similar interests. Your "opponent's" loss need not necessarily be their benefit.
Searching too hard for common ground:While common ground is helpful in negotiations, divergent interests can provide each party what they value most while causing the least amount of harm to the other.
Neglecting BATNAs:BATNAs, or "best alternative to a negotiated agreement," describe your course of action in the event that the intended agreement cannot be reached.
Failing to correct for skewed vision:Summary: Role bias and partisan views are two types of bias that can cause mistakes.
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Remy is applying for a job where the employer asks that a cover letter and résumé be submitted. Remy should:
a.
Attach letters of recommendation also
b.
Send the cover letter first, and the résumé later
c.
Submit only the cover letter and résumé
d.
Send the cover letter as an attachment
Remy should submit only the cover letter and resume. Thus, option C is correct.
What is a job?A person's position or the work they are doing is referred to as their job. Someone has been paid for the work those who have completed in accordance with the task that must be accomplished or the aim that must be accomplished.
Remy is submitting a CV and resume and letter in order to be considered for a job. So, that she will get the job that is required for the same. This suggests that the employer will need the data and information to employ.
Therefore, option C is the correct option.
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