What Does it Mean to Derive a Formula?
It always super-confused me when I'd be reading the 5th edition of Macro Economics , and then there'd be this phrase of "deriving" or "solving" for the formula. I'd see a list of questions before hand so I was confused, where did the formula come from then?? Then I went on Google and looked this up: And then I read this: That makes a lot more sense already!!! "To derive a formula means to deduce, obtain, or prove the formula from a set of already-known or already-established principles or observations." Steve Baker provided the best answer! 😀 Here is the link! :)