Match each item with the correct statement below. Prompt 1uses constant base-year prices to place a value on the economy's production of goods and services. Answer for prompt 1 uses constant base-year prices to place a value on the economy's production of goods and services. GDP Prompt 2Measures both the economy's total income and the economy's total expenditure on goods and services. Answer for prompt 2 Measures both the economy's total income and the economy's total expenditure on goods and services. Real GDP per person Prompt 3Requires eliminating the effects of inflation Answer for prompt 3 Requires eliminating the effects of inflation real GDP Prompt 4uses the current years prices to place a value on the economy's production of goods and services.. Answer for prompt 4 uses the current years prices to place a value on the economy's production of goods and services.. Comparing GDP over time Prompt 5Is closely associated with its citizen's standard of living, but it is not a perfect measure of economic well-being Answer for prompt 5 Is closely associated with its citizen's standard of living, but it is not a perfect measure of economic well-being nominal GDP