Consider a simple econonwr that produces two goods: pens and erasers. The following table shows the prices and quantities of the goods over a three year period. Pens Erasers Price Quantity Price Quantity Year {Dollars per pen} (Number of pens) (Dollars per eraser) (Number of erase-rs) 2016 1 110 2 1511] 201? 2 155 4 215 2018 3 12!] 4 180 Use the Infomation 'om the preceding table to fry in the foo wing table. Nominal GDP Real (ID:J Year (Dollars) (Base year 2016, dollars) GDP Deflator \fFrom 2017 to 2018, nominal GDP , and real GDP The inflation rate in 2018 was Why is real GDP a more accura -12.5% e of an economy's production than nominal GDP? 0.1% O Real GDP is not influ rice changes, but nominal GDP is. 12.5% O Real GDP includes th exports, but nominal GDP does not. 88.9% O Real GDP measures f the goods and services an economy produces, but nominal GDP measures the value of the goods and services an economy 112.5%