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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.
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