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To adjust GDP for inflation, calculate the real GDP by dividing nominal GDP by a price index and multiplying by 100. This adjusts for changes in the general price level and provides a more accurate measure of economic output.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.
Download our app and start gaining insight into your current and future finances.
Horizon65 for iPhone
Horizon65 for Android