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Rudik [331]
3 years ago
13

Henry's boss, Jacob, tells Henry that because he has been such a valuable employee, he will receive an extra week of vacation. W

hen Henry decides to schedule the vacation, he reminds Jacob of his statement. Jacob says that he has changed his mind and that he really cannot afford to let Henry take the extra vacation time. Henry says that Jacob has breached the contract he had with Jacob for an extra vacation week. Who is right and why?
Business
1 answer:
Fantom [35]3 years ago
6 0

Answer: Henry's boss, Jacob is right.

Explanation: Jacob is right, he should not give Henry another week off because the work done by Henry before  is part of the past and is not valid for a binding contract. Past considerations cannot be invoked in a binding contract

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The GDP price deflator also known as the implicit price deflator, measures the changes in the level of prices for all of the final goods and services produced domestically in an economy in a year.

The GDP deflator can be calculated by using the formula;

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