Data are here: Danielsand Minot.1ed-data(1)_(2).zip

Question:

Use the GSS2016 data set to complete the following exercises related to regional income disparities in the United States. Use the egen command to generate a variable that is the median value of real income (realinc) of all respondents in the data set. a.Generate a new variable that is the difference between an individual's real income (realinc) and the median income of all individuals (the variable you created in Part "a"). b.Generate a new variable that is equal to 1 if an individual earns above the median income and 0 if the individual earns below the median income. c.Define and apply value labels to the variable you created in Part "c." d.Create a table that shows region of the United States in the rows and the variable you created in Part "c" in the columns. e.Have this table add across the rows and include no frequencies. f.In a couple of sentences, describe the results and their meaning.