Jacob's consumption increased by <u>$12,000</u>.
<h3>What is the marginal propensity to consume?</h3>
The marginal propensity to consume is defined as the proportion of an increase in income that a consumer consumes instead of saving.
<h3>Data and Calculations:</h3>
Amount of disposal income in 2019 = $30,000
Amount of consumption in 2019 = $20,000
Increased disposal income = $40,000
Marginal propensity to consume = 0.8
Increase in consumption = $12,000 ($40,000 x 0.8 - $20,000)
Thus, Jacob's consumption increased by <u>$12,000</u>.
Learn more about marginal propensity to consume at brainly.com/question/17930875
The answer would be D, they wanted ot make slavery illegal.
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-procklown
It would be A, in my mind that is
Answer:Libya announced tonight the nationalization of 51 per cent of the assets of all the oil companies operating in the country.Sep 2, 1973
This depends on ones interpretation. Our government has set up a system of checks and balances, each branch can override another.There are three branches <span>of government: executive, legislative, and judicial.The legislature enacts</span>
