Question 4 (1 point) Which statement best describes the difference between Nominal and Real GDP? 0 Real GDP is Nominal GDP which has been adjusted to remove the distorting effects of inflation. 0 Nominal GDP is Real GDP that has been adjusted to remove the distorting effects of inflation. O Real GDP is calculated using current market prices, while Nominal GDP is calculated using the average prices of the last 5 years. 0 Nominal GDP is calculated using current market prices, while Real GDP is calculated using the prices of the previous year