I got confused by the concept of relative growth rate and growth rate. I understand that when it says "relative growth rate of the population is 3%", it means dP/dt = 0.03P.
However, when it says "growth rate of the population is 3%", does it mean:
dP/dt = 0.03P
dP/dt = 0.03?
To me the phrase "growth rate" seems more like a rate than a constant. Can someone help me out please?
Thanks in advance!