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Wittaler [7]
2 years ago
13

True or False:

History
1 answer:
anzhelika [568]2 years ago
5 0
True is the answer of all
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How did the united states expand its navy so quickly WWl ?
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2. Assume that Jacob spent $20,000 of his disposable income of $30,000
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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

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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>.

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