We present results for time-dependent electron transport in a ballistic graphene field-effect transistor with an ac-driven gate. Nonlinear response to the ac drive is derived utilizing Floquet theory for scattering states in combination with Landauer-Büttiker theory for transport. We identify two regimes that can be useful for applications: (i) low and (ii) high doping of graphene under source and drain contacts, relative to the doping level in the graphene channel, which in an experiment can be varied by a back gate. In both regimes, inelastic scattering induced by the ac drive can excite quasi-bound states in the channel that leads to resonance promotion of higher order sidebands. Already for weak to intermediate ac drive strength, this leads to a substantial change in the direct current between source and drain. For strong ac drive with frequency Ω, we compute the higher harmonics of frequencies nΩ (n integer) in the source-drain conductance. In regime (ii), we show that particular harmonics (for instance n = 6) can be selectively enhanced by tuning the doping level in the channel or by tuning the drive strength. We propose that the device operated in the weak-drive regime can be used to detect THz radiation, while in the strong-drive regime it can be used as a frequency multiplier.