PriceQuantityYear (Dollars per sticker) (Number of stickers)202032102021215020223125Year20202021Use the information from the preceding table to fill in the following table.2022StickersFrom 2021 to 2022, nominal GDPNominal GDPReal GDP(Dollars) (Base year 2020, dollars) GDP DeflatorThe inflation rate in 2022 wasPrice(Dollars per paper plate)and real GDP44Paper plates4Why is real GDP a more accurate measure of an economy's production than nominal GDP?Quantity(Number of paper plates)180Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not.O Real GDP is not influenced by price changes, but nominal GDP is.O Real GDP includes the value of exports, but nominal GDP does not.200180

GDP deflator shows the ratio of prices of all products and services produced domestically in 2…

Price Quantity Year (Dollars per sticker) (Number of stickers) 2020 3 210 2021 2 150 2022 3 125 Year 2020 Use the information from the preceding table to fill in the following table. 2021 2022 Stickers From 2021 to 2022, nominal GDP Nominal GDP Real GDP (Dollars) (Base year 2020, dollars) GDP Deflator The inflation rate in 2022 was Price Quantity (Dollars per paper plate) (Number of paper plates) 180 200 180 and real GDP 4 Paper plates 4 4 Why is real GDP a more accurate measure of an economy's production than nominal GDP? O Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. O Real GDP is not influenced by price changes, but nominal GDP is. O Real GDP includes the value of exports, but nominal GDP does not.