This introductory assignment to the topic emphasizes the consumer power of a society. In Puerto Rico, consumption has always been notable and of great importance to the economy.

a. Construct a table with the Personal Consumption Expenditure values in constant and current terms for the period 2011 and 2020. Calculate the percentage change in each of the items (table 5 and 6)

b. Use the Personal Consumption Expenditure data for 2020 in current and constant terms to build a table that presents the 5 most important items or expenses and their value.

c. Some behavior different from what you think your individual priorities are is observed in society's priorities. Comment.

Table #5:

2011 2012 2013 2014 2015 2016 2017 2018r 2019r 2020p GASTOS DE CONSUMO PERSONAL CONSUMPTION PERSONA 58,154.8 60,897.0 62,477.6 61,899.4 61,640.5 60,979.4 62,453.8 63,453.0 66,956.4 65,184.8 EXPENDITURES Alimentos 8,717.6 8,910.7 9,534.9 9,209.0 9,401.0 8,811.2 9,067.8 7,062.9 7,172.2 7,473.7 Food Bebidas alcoholicas y Alcoholic beverages and productos de ta 1,979.0 1,910.5 1,899.9 1,923.5 1,877.0 1,753.7 1,806.0 2,258.3 2,209.3 2,713.1 tobacco products Ropa y accesori 3, 634.3 3,652.7 3,833.3 3, 472.2 3,203.0 2,856.8 2,376.7 2,287.1 2,446.9 2,136.3 Clothing and accessories Cuidado person 1,410.2 1,433.7 1,508.8 1,464.8 1,627.9 1,498.7 1,513.4 1,152.2 958.5 940.0 Personal care Vivienda 9,190.7 9,660.6 9,978.5 10,318.7 10,663.3 11,098.7 11,566.7 11,755.3 12,220.7 12,309.3 Housing Funcionamiento 7,154.3 7,553.3 7,504.6 7,368.7 7,666.9 7,746.0 7,730.5 7,917.2 8,346.8 7,475.7 Household operations Servicios medic 10,299.3 11,226.3 11,608.7 11,673.1 12,482.1 13,256.4 14,108.2 16,242.2 17,651.8 18,939.2 Medical and funeral services Servicios comel 2,846.6 2,845.5 2,733.7 2,770.8 2,556.2 2,496.6 2,403.2 2,375.2 2,686.0 2,198.6 Business services Transportacion 6,843.3 7,715.3 7,968.8 7,866.9 6,595.9 6,159.6 6,408.5 6,745.5 7,279.0 5,929.6 Transportation Recreacion 4,729.4 4,864.9 4,906.4 5,059.3 5,268.6 5,381.8 5,483.7 5,331.6 5,808.5 5,310.6 Recreation Educacion 2,016.7 2,056.6 2,078.7 2,065.7 1,996.5 1,943.9 1,944.1 1,920.6 1,951.0 1,870.4 Education Instituciones religiosas y organizaciones Religious and nonprofit sin fines de lucro, no clasificadas organizations, not elsewhere anteriormente 349.8 381.1 368.6 360.7 334.4 16.3 16.3 15.8 16.2 13.3 classified Viajes al exterio 1,090.5 1,046.8 1,024.3 974.9 939.4 936.7 949.5 829.1 916.8 618.2 Foreign travel Compras misce 1,036.5 833.2 838.9 810.4 853.3 997.2 947.8 863.0 904.5 778.0 Miscellaneous purchases Gastos totales de consumo en Total consumption expenditures Puerto Rico de residentes y in Puerto Rico by residents no residentes 61,297.5 64,089.8 65,788.2 65,338.0 65,465.5 64,952.9 66,321.8 66,755.9 70,568.1 68,105.5 and nonresidents Menos: Gastos en Puerto Rico Less: Expenditures in de no resident 3,142.8 3,192.9 3,310.6 3,438.6 3,825.0 3,973.5 3,868.0 3,302.9 3,611.7 2,920.71 Puerto Rico by nonresidents