5. Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and oranges. The following table shows the prices and quantities of the goods over a three-year period. Cupcakes Oranges Price Quantity Year (Dollars per cupcake) (Number of cupcakes) Price (Dollars per orange) Quantity (Number of oranges) 2016 2 125 3 155 2017 2018 135 3 210 125 3 165 Use the information from the preceding table to fill in the following table. Year 2016 Nominal GDP (Dollars) Real GDP (Base year 2016, dollars) GDP Deflator 2017 2018 From 2017 to 2018, nominal GDP and real GDP.