Question

Suppose an economy produces at least as much—and maybe more—of every good and service this year compared to last year. Also suppose that the price of every single good and service is at least as high this year as it was last year. What, if anything, can you conclude about nominal GDP, real GDP, and the price level between the two years?

Answer 1

Economy produces at much and may be more - of every good and service suggests that most probably GDP has increased.

further, price of good and service is at least as high this year as it was last year suggests that there is no change in price.

Hence, here we can conclude that is not perceptible change in price level. Production of goods and services has increased. Rise in production of goods and service also lead to the rise in nominal and real GDP of country as well between two years.