Sabri Oncu <[email protected]>: > How should the growth be measured, in terms of flow or in terms of > stock?
growth of what? the typical measure of growth uses flows (i.e., the percentage increase in real GDP or in the Genuine Progress Indicator or whatever). But in measuring the growth of economic capacity, the rate of growth of the capital stock or the labor force are often used. (Then stock-flow coefficients are used to connect these with flows.) -- Jim Devine / "In an ugly and unhappy world the richest man can purchase nothing but ugliness and unhappiness." -- George Bernard Shaw _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
