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
Answer:
German Inflation
Blinded by idea of peace and lead to WWII
Explanation:
a. He returned it to the original land owners
In his Reconstruction Plan, President Johnson was focused on pardons including on the land owners that had participated in the Civil War. This is because his plan gave the white South a free hand in regulating the transition from slavery to freedom with the blacks being left out
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Local governments who wished to limit voting. and Those who favored segregation.
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