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Given the information in the table, calculate the real price of a house for 2018 (in terms of year 2015) Year 2015 2016 2017 2018

Given the information in the table, calculate the real price of a house for 2018 (in terms of year 2015) Year 2015 2016 2017 2018 Nominal Price $181,000 $183,000 $178,000 $180,000 Price Level 115 119 120 123

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$168,293

$169,976

$166,627

$171,659

$272,003

$199,517

$262,551

$394,780

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