2019QuantityQuantityYear (Dollars per plastic cup) (Number of plastic cups) (Dollars per paper plate) (Number of paper plates)IMA22016012020202021PriceYear201920202021224Use the information from the preceding table to fill in the following table.Plastic cupsNominal GDPReal GDP(Dollars) (Base year 2019, dollars) GDP DeflatorFrom 2020 to 2021, nominal GDPThe inflation rate in 2021 wasand real GDPPrice444Paper platesWhy is real GDP a more accurate measure of an economy's production than nominal GDP?190200180Real GDP is not influenced by price changes, but nominal GDP is.O Real GDP measures the value of the goods and services an economy produces, but nominal GDP measures the value of the goods andservices an economy consumes.O Real GDP does not include the value of intermediate goods and services, but nominal GDP does.

GDP or gross domestic product measures the money value of all final goods and services produced in…

Price Quantity Year (Dollars per plastic cup) (Number of plastic cups) 220 2019 2020 160 120 2021 2 2 4 Year 2019 2020 2021 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP (Dollars) (Base year 2019, dollars) GDP Deflator Plastic cups From 2020 to 2021, nominal GDP The inflation rate in 2021 was , and real GDP Price Quantity (Dollars per paper plate) (Number of paper plates) 190 200 180 4 4 4 Paper plates Why is real GDP a more accurate measure of an economy's production than nominal GDP? O Real GDP is not influenced by price changes, but nominal GDP is. O 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 does not include the value of intermediate goods and services, but nominal GDP does.