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:
Street names, schools and public buildings
Using the wealth generated from the slave trade, merchants invested in purchasing land, cultural buildings and upgrading ships in Bristol.Colston supported and endowed schools, houses for the poor, almshouses, hospitals and Anglican churches in Bristol, London and elsewhere. His name features widely on Bristol buildings and landmarks.
Explanation:
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<h2>as an event the industrial revolution head both positive and negative impact</h2>
Answer:
The anti-Federalists and their opposition to ratifying the Constitution were a powerful force in the origin of the Bill of Rights to protect Amercians' civil liberties. The anti-Federalists were chiefly concerned with too much power invested in the national government at the expense of states. (Howard Chandler Christy's interpretation of the signing of the Constitution, painted in 1940.)
Explanation:
As the economic depression<span> deepened in the early 30s, and as farmers had less and less money to spend in town, </span>banks<span> began to </span>fail<span> at alarming rates. </span>During<span> the 20s, there was an average of 70 </span>banks<span> failing each year nationally. After the crash </span>during<span> the first 10 months of 1930, 744 </span>banks failed<span> – 10 times as </span>many<span>.</span>
