2017 115 165 2018 A N 135 225 2019 A 100 4 175 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2017, dollars) GDP Deflator 2017 2018 2019 From 2018 to 2019, nominal GDP , and real GDP The inflation rate in 2019 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? Real GDP is not influenced by price changes, but nominal GDP is. Real GDP includes the value of exports, but nominal GDP does not. Real GDP does not include the value of intermediate goods and services, but nominal GDP does.5. Real versus nominal GDP Consider a simple economy that produces two goods: apples and oranges. The following table shows the prices and quantities of the goods over a three-year period. Apples Oranges Price Quantity Price Quantity Year ( Dollars per apple) (Number of apples) ( Dollars per orange) (Number of oranges) 20 1 7 1 1 1 5 1 165 20 1 8 2 1 35 4 225 20 19 4 1 00 4 1 75 Use the information from the preceding table to ll in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2017, dollars) GDP Deflator 2017 2018 2019 From 2018 to 2019, nominal GDP v , and real GDP 7