3% per year, every year is compound growth. At his rate, it takes about 23 years for the economy to double. It doesn't take many doubling periods before things get out of hand. Many times it grows more than that in a year. I linked an old youtube in a comment below that explains logarhythmic and exponential growth.
Yeah I understand now. Exponential just over a longer time span than if the domain/input itself had an actual exponent. I realized it can still be exponential growth without an exponent.
3% per year, every year is compound growth. At his rate, it takes about 23 years for the economy to double. It doesn't take many doubling periods before things get out of hand. Many times it grows more than that in a year. I linked an old youtube in a comment below that explains logarhythmic and exponential growth.
Yeah I understand now. Exponential just over a longer time span than if the domain/input itself had an actual exponent. I realized it can still be exponential growth without an exponent.