The fact that GDP has risen faster than real GDP

Name: The fact that GDP has risen faster than real GDP
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Question

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When GDP rises faster than real GDP, it indicates that the nominal GDP (which includes changes in prices) has increased more rapidly than real GDP (which is adjusted for inflation and reflects only changes in quantity). This suggests that the general price level has risen, as the difference between the growth rates of GDP and real GDP is due to changes in prices.

The Fact That GDP Has Risen Faster Than Real GDP