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The issues of inflation, unemployment, and business cycles are Multip.pdf

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The data frame Econ contains the following variables: Year, Income, Population, which represent the year of each observation, the total income earned by everyone in the US in that year, and the total population of the US respectively. How would you create a variable in the data frame named AvgIncome that represents the average income earned by each person in the USA for each year? (Remove any spaces) Solution Average Income = Total Income / Total Population ( of that year) Therefore the variable in the table can be created using the following formula and can be added to the table..

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The issues of inflation, unemployment, and business cycles are Multiple Choice major topics of macroeconomics. not relevant to the U.S. economy the primary focus of microeconomics. Solution a) Major topics of macroeconomics. Macroeconomics is that branch of economics which deals in economic relations and economic problems at the level of economy as a whole. It includes inflation, national income, government budget, unemployment, business cycle.

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