Respuesta :
The general price level rises while the number of goods produced also rises by this we can determine that both the nominal and real GDP will rise, but nominal GDP will increase more.
What is GDP?
The market worth of all the finished goods and services produced in a given country during a given time period is measured in dollars by the gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. To compare living standards between countries, adopting a basis of GDP per capita at purchasing power parity (PPP) may be more relevant, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, represent differences in the cost of living and the inflation rates of the countries. GDP per capita is calculated as GDP divided by the region's total population (also called the Mean Standard of Living).
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