talha nadeem
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- Nov 21, 2021
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According to an economic model, the growth rate of ? = ?(?) is proportional to ?(?) with a factor of proportionality of 5. If initially ?(0) = 10
You have NOT posted a question!!According to an economic model, the growth rate of ? = ?(?) is proportional to ?(?) with a factor of proportionality of 5. If initially ?(0) = 10
Yes - in most cases " growth" is equivalent to "change"Asking partially for my own sake although I think it will also help the OP with their modeling: When one finds the term "growth rate" or "growth rate of [imath]y(t)[/imath]" in the wild, can it be assumed to refer to [imath]a(t)[/imath] in the linear ODE [imath]y'(t) = a(t)y(t) + f(t)[/imath]? To me "rate of growth" sounds identical to "rate of change," and so in some contexts I've interpreted "growth rate" to mean [imath]y'(t)[/imath] in the above ODE.