Week 13 Flashcards
1
Q
quantity grows by the same absolute amount in each unit of time
A
linear growth
2
Q
quantity grows by the same relative amount (percentage) in each unit of time
A
exponential growth
3
Q
quantity decreases by the same absolute amount in each unit of time
A
linear decay
4
Q
quantity decreases by the same relative amount (percentage) in each unit of time
A
exponential decay
5
Q
the length of time required for each doubling in exponential growth
A
doubling time
6
Q
when a growth / decay rate is relatively small (less than 15%), the doubling time / half-life is approximately 70 divided by the percentage
A
rule of 70
7
Q
the length of time required for each halving in exponential decay
A
half-life
