If there is a rise in nominal GDP over a given year, then we know that there is growth in actual output of goods and services.

Name: If there is a rise in nominal GDP over a given year, then we know that there is growth in actual output of goods and services.
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A rise in nominal GDP over a given year could be due to an increase in prices (inflation) rather than an actual increase in the quantity of goods and services produced.

If There Is a Rise in Nominal GDP Over a Given