5. Real versus nominal GDP Consider a simple economyr that produces two goods: plastic cups and enamel pins. The following table shows the prices and quantities of the goods over a threeyear period. Plastic cups Enamel pins Price Quantityr Price Quantity Year ( Dollars per plastic cup) { Number of plastic cups) ( Dollars per enamel pin) ( Number of enamel pins) 2018 2 240 2 150 2019 3 120 3 185 2020 2 110 3 165 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) ( Base year 2018, dollars) GDP Deflator From 2019 to 2020r nominal GDP V , and real GDP V . The inflation rate in 2020 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? 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. O Real GDP is not influenced by price changes, but nominal GDP is