Homework $($Ch $10)$

$\backslash$table$[[$Year$,$Stickers,Enamel pins$],[\backslash$table$[[$Price$],[($Dollars per sticker$)]],\backslash$table$[[$Quantity$],[($Number of stickers$)]],\backslash$table$[[$Price$],[($Dollars per enamel pin$)]],\backslash$table$[[$Quantity$],[($Number of enamel pins$)]]],[2020,2,215,3,155],[2021,4,135,3,210],[2022,2,150,3,190]]$

Use the information from the preceding table to fill in the following table.

$\backslash$table$[[,\backslash$table$[[$Nominal GDP$],[($Dollars$)]],\backslash$table$[[$Real GDP$],[$Year$]],($Base year $2020,$ dollars$)],[2020,,,],[2021,,,],[2022,,,]]$

From $2021$ to $2022,$ nominal GDP $,$ and real GDP $q,$

The inflation rate in $2022$ was $$

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 GDP does.

Real GDP is not influenced by price changes, but nominal GDP is$.$

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.