Suppose that policymakers for a country are weighing the costs and benefits of implementing a new policy that would create 1% growth every year for the next 30 years. If policymakers are concerned that the cost of implementing the new policy is greater than the 30% increase in the standard of living that would occur from the policy, what would be your response? If you were to calculate the growth rate of the standard of living due to the policy detailed above, relative to what would happen without the policy, what would be the growth rate in the standard of living? Part 4 The growth rate due to the new policy would equal_?_%