_______________________________ Final Offer Arbitration Is When the Arbitrator Must Select

question 160

Short Answer

_______________________________ final offer arbitration is when the arbitrator must select one or the other party's final offer on all the disputed contract terms, like wages, health insurance, holidays, etc.

---

Definitions:

Nominal GDP

The market value of all final goods and services produced within a country in a given period without adjusting for inflation.

Real GDP

Real Gross Domestic Product is a comprehensive measure of a nation's overall economic activity, adjusted for inflation, indicating the value of its goods and services at constant prices.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar terms to assess real growth.

Nominal GDP

The market value of all finished goods and services produced within a country in a year, measured in current prices.