URL details: ergodicityeconomics.com/2019/03/13/whats-a-growth-rate-really/
URL title:
What’s a growth rate, really? – Ergodicity Economics
URL description:
Growth rates are at the heart of ergodicity economics, and economic news are full of them, too -- "GDP grew by 3% last year," something like that. Sometimes we also hear "national debt grew by $1,271,000,000,000 over the last year" (which is dimensionally different from 3% per year). So since growth rates come in very…
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