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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John Hancock was the leader of the colonists. He was appointed as an interim president during the continental congress. He led the colonists through the revolutionary war. He has the largest signature on the Declaration of Independence.
I need a picture to answer the question
Answer:
Many historians believe that the Minoan Civilization fell after a volcanic eruption.
Explanation:
Even though it is not 100% proven, many historians believe that the Minoan civilization fell after the volcanic eruption of Mount Thera. Not only did the eruption destroy the civilization but it also destroyed most if not all plant life in Crete due to the immense amount of volcanic ash.
The major defeat or downfall of the Articles of Confederation was simply considered as the weakness. The federal government under that articles are too weak and incapacitated to enforce, impose, and implement their laws and therefore powerless. The Continental Congress borrowed money to fight the Revolutionary War yet could not repay the debts. Thus, it created a loose confederation of sovereign states and a fragile central government.
