User:Issa Rice: Difference between revisions
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| Depreciation (rate?) || ''δ'', ''d'', ''D'' || | | Depreciation (rate?) || ''δ'', ''d'', ''D'' || | ||
|- | |- | ||
| || ''k'' || || | | Capital per worker || ''k'' = ''K''/''L'' || || | ||
|- | |- | ||
| Fraction saved || ''s'' || | | Fraction saved || ''s'' || | ||
|- | |- | ||
| || ''y'' || || | | Output per worker || ''y'' = ''Y''/''L'' || || | ||
|- | |- | ||
| Time || ''t'' || || | | Time || ''t'' || || |
Revision as of 21:50, 14 September 2017
test >:(
Name | Variable | Unit | Rival input? | Notes |
---|---|---|---|---|
Output | Y | – | ||
Physical capital (capital stock) | K | Yes | Physical capital includes things like machines, computers, buildings, etc. | |
Labor | L | Yes | ||
Technology (knowledge) | A, T | No | ||
Consumption | C | |||
Investment | I | |||
Amount saved | S | |||
Growth of X | Even for single-variable functions, the convention seems to be to denote the derivative using the partial derivative. | |||
Depreciation (rate?) | δ, d, D | |||
Capital per worker | k = K/L | |||
Fraction saved | s | |||
Output per worker | y = Y/L | |||
Time | t | |||
Production function | F |