A budgetequation as Income=Price of FoodxQuantity of Food+Price of ClothingxQuantityof Clothing or$20 = 1F+2C

Q1.Please read the BLS report (especially page 1 and table A on page 5). What were the major components of U.S. household spending in 2019 (check the table A)? How much was the share in total (calculate the share separately for top three spending)?Please share with us your own household's general spending and briefly compare it with the BLS report (https://www.bls.gov/news.release/pdf/cesan.pdf) <- LINK

Q2:What will you preferred channel of shopping (online versus in-store purchase) by listing its advantages and disadvantages and relate it to your experience.Isyour shoppingmethod consistent with what the UPS study on ""UPS Pulse of theOnlineShopper" 2019" (especially pages 10, 23, and 43) says?

https://solutions.ups.com/rs/935-KKE-240/images/UPS-Pulse-of-the-Online-Shopper-Report.pdf<- LINK