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Given the information in the table, calculate real median income in 2018 (in terms of 2015 prices) Year 2015 2016 2017 2018 Nominal Median Income

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Given the information in the table, calculate real median income in 2018 (in terms of 2015 prices) Year 2015 2016 2017 2018 Nominal Median Income $56,000 $58,000 $58,200 $63,500 Price Level 218 219 220 225 $62,139 $61,524 $60,915 $62,754

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