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seropon [69]
3 years ago
8

PLS HELP ASAP

History
1 answer:
cluponka [151]3 years ago
6 0

Answer:

D

Explanation:

Since the main business and commercial area of town is located in this area, it is called the central business district because of the fact that central means main.

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2. Assume that Jacob spent $20,000 of his disposable income of $30,000
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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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