Examlex
If GDP rises from $5 trillion in 1989 to $8 trillion in 1995 and the GDP deflator in 1995 is 125,find (a)real GDP in 1995; (b)the percentage increase in real GDP from 1989 to 1995.
Liability
The state of being legally responsible for something, typically referring to the obligation to pay debts or damages.
Bailment
A legal relationship in which physical possession of personal property is transferred from one person to another with the understanding that the property will be returned.
Pay Stub
A document provided to an employee with each paycheck that details the wages earned for the pay period and the year-to-date, including taxes and other deductions.
Private Carrier
A company or individual that offers transportation services not to the general public but under specific contracts or agreements.
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