Set Forth the Private and Public Factors the U

question 21

Essay

Set forth the private and public factors the U.S.Supreme Court set forth in Gilbert Oil Corp.v.Gilbert that a court should consider in deciding whether to dismiss a case based on forum non conveniens?

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Definitions:

Wealth of Consumers

The total value of all assets owned by consumers minus any liabilities; it reflects the economic resources available to consumers.

Aggregate Supply Curve

A graphical representation of the relationship between the overall price level and the total output produced by an economy.

Aggregate Demand Curve

A graph showing the relationship between the total demand for goods and services and the overall price level in the economy, all else being equal.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy’s size and growth rate.