5. Real versus nominal GDP Consider a simple economy that produces two goods: plastic cups and seltzers. The following table shows the prices and quantities of the goods over a three-year period. Plastic cu ps Seltzers Price Quantity Price Quantity Year ( Dollars per plastic cup) (Number of plastic cups) ( Dollars per seltzer) ( Number of seltzers) 20 16 3 2 20 4 1 75 20 1 7 2 1 20 4 2 1 0 20 18 3 1 15 4 1 90 Use the information from the preceding table to ll in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2016, dollars) GDP Deflator 2016 2017 2018