5. Real versus nominal GDP Consider a simple economy that produces two goods: coffees and seltzers. The following table shows the prices and quantities of the goods over a three-year period. Coffees Seltzers Price Quantity Price Quantity Year (Dollars per coffee) (Number of coffees) (Dollars per seltzer) (Number of seltzers) 2020 2 220 4 190 2021 160 200 AN 2022 120 180 Use 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 , 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 is not influenced by price changes, but nominal GDP is. O Real GDP does not include the value of intermediate goods and services, but nominal GDP does. O Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not