Here, we discuss, what are logarithmic functions, what is their relationship with exponential functions? What is the difference between common logarithm and natural logarithm? How do you graph both of them?
Then, we discuss several very simple applications of logarithmic functions:
- Calculation of growth rates of variables
- Calculation of elasticities
- Growth Accounting
What is Logarithmic function
Logarithmic functions and growth rates
Per capita GDP and logarithmic functions
Elasticities and Logarithmic functions
Growth Accounting
