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Plastic cups Seltzers Price Quantity Price Quantity Year (Dollars per plastic cup) (Number of plastic cups) (Dollars per seltzer) (Number of seltzers) 2016 3 220

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Plastic cups Seltzers Price Quantity Price Quantity Year (Dollars per plastic cup) (Number of plastic cups) (Dollars per seltzer) (Number of seltzers) 2016 3 220 175 2017 N 120 4 210 2018 W 115 4 190 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2016, dollars) GDP Deflator 2016 2017 2018 From 2017 to 2018, nominal GDP , and real GDP The inflation rate in 2018 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? Real GDP includes the value of exports, but nominal GDP does not. Real GDP is not influenced by price changes, but nominal GDP is. Real GDP does not include the value of intermediate goods and services, but nominal GDP does

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