The provided line graph depicts the average house expenditure in three distinct nations including Country A, B, and C, from 1997 to 2014.
Overall, the moderate house prices in the three countries exhibited an upward trend, with Country A and B sharing a similar pattern. Remarkably, the amount of house expenditure in Country A was the highest throughout the time surveyed.
In terms of country A and B, the tendency of both nations was similar. In 1997, they commenced at around $240,000. In the next eight years, the average house prices of country A rapidly increased to $540,000, which was two times higher than that of country B at roughly $260,000. Over the following four years, the average house costs slightly declined to precisely $500,000 and $250,000 in country A and B, respectively. From 2008 onwards, they recovered and simultaneously reached a peak at just under $750,000 for the former and just under $500,000 for the latter.
Regarding the remaining nation, country C had the lowest house prices throughout the given time. In 1997, starting at approximately $220,000, Country C then witnessed the amounts of houses’ cost, which remained under $250,000. In 2007, after the figures in country C stood at exactly $250,000, it declined in 2008, then it recovered again and accounted for precisely $250,000.
