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Question 2 25 pts Given the information in the table, calculate real median income in 2018 (in terms of 2015 prices) Year 2015 2016 2017

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Question 2 25 pts Given the information in the table, calculate real median income in 2018 (in terms of 2015 prices) Year 2015 2016 2017 2018 Nominal Median $56,000 $58,000 $58,200 $61,000 Income Price 205 207 10 215 Level e $58,74.5 o $58,16:3 $59,326 $57,587 Question 3 25 pts What is the NOMINAL rate of return for the whole period for investment A? Year 2015 2016 2017 2018 Nominal Price of $117 $123 $127 $135 Asset A Price 119 119 121 124 127 15.54% 3.72% o 3.64% 15.38% Question 4 25 pts What is the average NOMINAL rate of return per year for investment A from 2015 to 2018? Year 2015 2016 2017 2018 Nominal Price of $117 Asset A Price 119 Level $135 127 3.72% 15.38% o 3.64% 15.69%

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