O & https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=59814122326147796840857774638telSBN=9780357138 CENGAGE | MINDTAP Homework (Ch 23) 5. Real versus nominal GDP Consider a simple economy that produces two goods: pens and envelopes. The following table shows the prices and quantities of the goods over a three-year period. Pens Envelopes Price Quantity Price Quantity Year (Dollars per pen) (Number of pens) (Dollars per envelope) (Number of envelopes) 2017 110 180 2018 140 210 2019 100 190 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Yea (Dollars) (Base year 2017, dollers) GDP Deflator 2017 2015 2019 From 2018 to 2019, nominal GDP V, and real GDP The inflation rate in 2019 was Why is real GDP a more accurate massure of an economy's production than nominal GDP? ) Real GDP measures the value of the goods and services an economy produces, but nominal GDP measures the value of the goods and services an economy consumes O Real GDP includes the value of exports, but nominal GDP does not. O Real GDP is not influenced by price changes, but nominal GDP is. here to search