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What is steady state output?

Steady state output is the level of output (production) at which the rate of capital investment is equal to the rate of capital depreciation. Malthusian equilibrium is the level of output which equals the amount of output needed to barely feed the existing population, no more, no less.

What is Stateflow in MATLAB?

Stateflow is an environment for modeling and simulating combinatorial and sequential decision logic based on state machines and flow charts. Stateflow lets you combine graphical and tabular representations, including state transition diagrams, flow charts, state transition tables, and truth tables,...

What is MATLAB simulation?

MATLAB - Simulink. Simulink is a simulation and model-based design environment for dynamic and embedded systems, integrated with MATLAB. Simulink, also developed by MathWorks, is a data flow graphical programming language tool for modelling, simulating and analyzing multi-domain dynamic systems.


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