@ican711nm,
I posted:
[It has been alleged that this statement of mine is wrong:
US Inflation %Increase = 40.94%, or increased by a factor of 1.4094.
Can anyone tell me what is wrong with my statement?
So far Parados says he will tell me what's wrong with it after I tell him how I got it.]
Yes, that statement is in error! But parados doesn't want to say what the correct value is!
Oh well, shame on me! The correct calculared values for 1981 to 1988 are:
US Inflation %Increase = 43.59%, or increased by a factor of 1.4359.
Product of annual 1981 to 1988 inflation factors (one added to each percentage after it is converted to a decimal value) = 1.4359, or a 43.59% increase over 8 years.
Notice that:
Fed Receipts %increase / Product of Inflation %increase factors = 75.84%/43.59%= 1.7398.