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Consider the dataset in section 2.4. The er32049 variable is the last known marital status. Rename this variable as marstatus, give the variable the label "marital status", and tabulate marstatus. From the codebook, marital status is married
(1), never married
(2), widowed
(3), divorced or annulment
(4), separated
(5), not answered or do not know
(8), and no marital history collected
(9). Set marstatus to missing where appropriate. Use label define and label values to provide descriptions for the remaining categories, and tabulate marstatus. Create a binary indicator variable equal to 1 if the last known marital status is married, and equal to 0 otherwise, with appropriate handling of any missing data. Provide a summary of earnings by marital status. Create a set of indicator variables for marital status based on marstatus. Create a set of variables that interact these marital status indicators with earnings.
Think about the statement above and relate it to what you have learned in Chapter 4. What caused prices to rise and then to fall? Are there other products that may have experienced changes in prices as a result of Hurricane Irene? Why?
Determine national income (NI) for 2008 and what does national income tell us? Discuss the difference between GDP and NI?
In Problem 5, suppose that in an inflationary period the price of the composite good increases to $1.50 per unit, but the price of Malted Milk Balls remains the same.
How does this tool assist the marketing and management teams to solve problems within the company?
The EPA tests vehicles for gasoline mileage under stringent testing conditions. The testing for a particular make and model of mid-sized SUV involved 35 vehicles submitted by the manufacturer. Assume the vehicles submitted for testing constitute a..
Determine when the exponents of a Cobb-Douglas production function sum to more than one, the function exhibits
Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: BALANCE SHE..
The Price of Tattoos. According to a market expert, tattooing in your city is a constant-cost industry. The initial equilibrium price is $24.
Suppose govermnet purchases increase by one unit. What is the effect on output? (Assume that 0)
Describe the differences between each categorized cost and how it plays a role in the overall cost of the operation
Assume that the economy can experience high growth, normal growth, or recession. You expect the following stock market returns for the coming year under these conditions. State Probability Return High Growth 0.2 +30%
If we examine the market for rice in USA during the year2007 and 2009, the demand of rice was higher in the year 2007 but it felldown during the year 2009, due to the drop in the export demand of rice.
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