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Quantity Year Quantity (Dollars per apple) (Number of apples) (Dolla 2018 (Number of erasers) 160 2019 30 2020 165 Use the information from the preceding
Quantity Year Quantity (Dollars per apple) (Number of apples) (Dolla 2018 (Number of erasers) 160 2019 30 2020 165 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2018, dollars) GDP Deflator 2018 2019 2020 From 2019 to 2020, nominal GDP and real GDP The inflation rate in 2020 was Why is real GDP a more accurate measure of an economy's production than nominal GDP Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. GDP is not influenced by price changes, but nominal GDP is. Real GDP includes the value of exports, but nominal GDP does not
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