The official declaration of the American colonies independence from Great Britain made by the Second Continental Congress on July 4, 1776, is known as the Declaration of Independence. This name also refers to the official record of this act.
What is a summary of the Declaration of Independence?
The Declaration outlines the reasons the colonies should secede from Britain. It asserts that people have inalienable rights, cites grievances against the king, and makes the case that the colonies must be free to uphold colonists' rights. The delegates signed the document at the bottom with their names.
Why is the Declaration of Independence important?
The Declaration of Independence's significance cannot be emphasized. For the first time in human history, a new nation was founded on the First Principles of equality, the rule of law, unalienable rights, limited government, the Social Compact, and the freedom to change or overthrow repressive regimes.
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Answer:
it helps you get through life
Explanation:
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Answer and Explanation:
Given equation C = $600 billion +0.9Y
Where c = total consumer spending
$600 billion = consumer autonomous spendinf
0.9= marginal propensity to consume(mpc)
Y= income of consumers
A. Marginal propensity to consume(MPC)= 0.9 from equation given
B. Autonomous spending which is spending that is constant =$600 billion from equation given
C. Using equation of consumer spending above, C= $600 billion+0.9Y
With $4200 billion in income, consumers spending =$600 billion+0.9*$4200 billion
=$4380 billion
D. Savings= consumers income-consumers spending= $4200 billion-$4380 billion= -$180 billion
Therefore there was a deficit not saving
