. In a conversation, someone said, 'Australia's economic grew between 2017 and 2019 because nominal GDP has increased. In 2017 nominal GDP was 1.3 trillion, 2018 it was 1.5 trillion and in 2019 it was 1.55 trillion"'. Upon checking, you noticed in these three years Australia's GDP implicit price deflator was 101.5 in 2017, 103.5 in 2018 and 109.1 in 2019. Explain, with numerical calculations, if the statement is factually correct.