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Consider a simple economy that produces two goods: pens and muffins. The following table shows the prices and quantities of the goods over a three- year period Pens Price Quantity (Dollars per pen) (Number of pens) 1 130 Muffins Price Quantity (Dollars per muffin) (Number of muffins) 2 165 Year 2017 2 140 4 205 2018 2019 4 120 4 190 Use the information from the preceding table to fill in the following table. Nominal GDP (Dollars) Year 2017 460 Real GDP (Base year 2017, dollars) GDP Deflator 460 100 550 200 500 248 2018 2019 1,100 1.240 2 From 2018 to 2019, nominal GDP increased and real GDP decreased The inflation rate in 2019 was 24% 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 GOP does O Real GDP includes the value of exports, but nominal GDP does not Real GDP is not influenced by price changes, but nominal GDP is