5. Real versus nominal GDP Consider a simple economy that produces two goods: coffees and paper plates, The following table shows the prices and quantities of the goods over a three year period Coffees Paper plates Price Quantity Price Quantity Year (Dollars per coffee) (Number of coffees) (Dollars per paper plate) (Number of paper plates) 2020 3 210 180 2021 150 200 2022 125 180Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2020, dollars) GDP Deflator 2020 2021 2022 From 2021 to 2022, nominal GDP 7 , and real GDP The inflation rate in 2022 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? O Real GDP measures the value of the goods and services an economy produces, but nominal GDP measures the value of the goods and services an economy consumes, Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. O Real GDP is not influenced by price changes, but nominal GDP is