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1.Assume that over the last 10 years the gross domestic product of Econostan increased by 25% while the population of the country increased by 35%.Over

1.Assume that over the last 10 years the gross domestic product of Econostan increased by 25% while the population of the country increased by 35%.Over that time period, what likely happened to the standard of living for people living in that country?

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