Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) §3.6 Iterations x, #24 · Calculus · Applications of derivatives

The US national debt was once …a=.95…100 billion

The US national debt was once $1 t r i l l i o n . I n f l a t i o n r e d u ces i t sr e a l v a l u e b y 5$ a=.95 $), b u t o v er s p e n d in g a dd s an o t h er$ 100 billion. What is the steady state debt $x^{*}$ ?

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Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) · §3.6 Iterations x, #24

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