A small university enrolls 3200 undergraduate students. During the late spring of every year, 800 senior students graduate from the university with their bachelor’s degree. Each fall, 600 students...

A small university enrolls 3200 undergraduate students. During the late spring of every year, 800 senior students graduate from the university with their bachelor’s degree. Each fall, 600 students matriculate as freshmen and 200 undergraduates from other universities transfer to the school. Is the university a steady-state or dynamic system with respect to the number of undergraduate students?