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>.
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Answer:
declaration of independence
Explanation:
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Answer:
Explanation:
Napoleon's reforms helped many people. He implemented tariffs and loans in order to build up the war torn country. Public schools, relations with the church, new infrastructure, were all improved and built. He also laid the foundation for the Bank of France to regulate inflation, etc.
William Levitt used his military experience in order to change the home-building industry. Levitt created several "Levittowns" especially in the Northeast part of the US. Just like in the military, these houses would be uniform in look and size. This helped to develop the modern day concept of a suburb and promoted uniformity during the 1950's.
