5. Real versus nominal GDP Consider a simple economy that produces two goods: cotfees and paper plates. The following table shows the prices and quantities of the goods over a three-year period. Use the information from the preceding tabie fo fin in the foliowing table. From 2020 to 2021 , nominal GDP , and real Gop Use the information from the preceding table to fin in the following table. From 2020 to 2021 , nominat GDp f and real GDP The inflaton rate in 2021 was Why is real GDP a thore accurate measure of an economy's production than nominal GDP? Real GDP measures the value of the goods and services an economy produces, but nominal GDe measures the value of the goods and services an econorry consumes. Real GDP is not influenced by price changes, but nominal GDP is. Real GDP includes the value of exports, but nominal GDP does not