along with two inequality systems expressing economic efficiency. In this model, the (transposed) probability vector p represents the prices of the goods while the probability vector q represents the "intensity" at which the production process would run. The unique solution λ represents the growth factor which is 1 plus the rate of growth of the economy; the rate of growth equals the interest rate. Proving the existence of a positive growth rate and proving that the growth rate equals the interest rate were remarkable achievements, even for von Neumann.
along with two inequality systems expressing economic efficiency . In this model , the ( transposed ) probability vector p represents the prices of the goods while the probability vector q represents the " intensity " at which the production process would run . The unique solution λ represents the growth factor which is 1 plus the rate of growth of the economy ; the rate of growth equals the interest rate . Proving the existence of a positive growth rate and proving that the growth rate equals the interest rate were remarkable achievements , even for von Neumann .
What is the rate of qrowth equal to?
What is the rate of qrowth equal to ?
rate of growth equals the interest rate
rate of growth equals the interest rate