Consumption behavior and economic activity

Abstract

This article provides a concise analysis of household consumption as a macroeconomic variable that has a significant impact and is part of social accounting. The objective is to examine its behavior through three different approaches. It considers how consumers decide the consumption of a good in the context of a basket of goods, it also addresses consumption from a macroeconomic point of view and finally an analysis of the related macroeconomic statistics of the Central Reserve Bank. The relevance of these three approaches is that they provide the reader with a comprehensive view of consumption in our country and open the possibility of studying other macroeconomic variables that affect economic activity and, therefore, economic growth.