Do you really think doctors don't understand, or never learned, exponential growth? I knew a bioengineering student at Cal that was pretty smart and barely made it into med school. They had to go to a DO school instead of MD. So unless the bar for doctors used to be much lower than it is today, every doctor 'knows' what exponential growth is.
Whether they apply it to the real world is another thing.
I know people that don't think raising the minimum wage basically just causes inflation. They're just wondering why apartments in undesirable areas became 3x more expensive when minimum wage went from $5 to $15.