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Predict how the 5 percent growth might affect living

Consider a nation in which the volume of goods and services is growing by 5 percent per year:

Analyze the impact of the high rate of growth on the nation. Predict how the high rate of growth might affect the power and influence of the national government relative to other nations experiencing slower rates of growth.
Predict how the 5 percent growth might affect living standards in the nation. How does economic growth affect population growth?
Will living standards necessarily grow by 5 percent, given population growth?

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