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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Hello!
Coolidge means that the American people use to make a whole lot kinds of comercial relations to earn money, like: selling, buying, investing. Like he says after: "<span>hey are profoundly concerned with producing, buying, selling, investing and prospering in the world. I am strongly of opinion that the great majority of people will always find these are moving impulses of our life."
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<span>Good Morning!
The German occupation of Czechoslovakia is associated with the supposed ethnic connection of the population of the area annexed by the Empire under the command of Hitler. The Nazi dictator, therefore, required the possession of these lands in order to keep all the Germanic peoples together with the German Empire, which is still the idea of Pangermanism, which contributed to the beginning of the war.</span>
<span>The Mayflower Compact was the primary administering report of Plymouth Colony. It was drafted by the Pilgrims who crossed the Atlantic on board the Mayflower, looking for religious opportunity.</span>
