Will nominal GDP will rise faster than real GDP if the price level rises, there is inflation, the GDP Deflator price index also increased, or all of the above?

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The GDP or gross domestic product of a nation refers to the total monetary value of all goods and services produced within the geographic boundaries of a nation in a particular duration of time. There are two ways of expressing GDP; nominal GDP is the value of goods and services at the prevailing price, while real GDP is estimated by considering prices of a reference year and determining the value of goods and services at the reference price.

Inflation is an increase in the price of goods and services. This is determined by taking a representative sample of goods and services that are produced in a nation and comparing the total cost of the same goods and...

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