Suppose that policymakers for a country are weighing the costs and benets of implementing a new policy that would create 1% growth every year for the next 45 years. if policymakers are concerned that the cost of implementing the new policy is greater than the 45% increase in the standard of living that would occur from the policy, what would be your response? 0 A. They should not be considering costs when deciding whether to implement policies that can create growth. 0 B. They are not calculating the growth in the standard of living correctly and the increase would be greater than 45%. O c. They are not calculating the growth in the standard of living correctly and the increase would be lower than 45%. O D. They are correctit the policy has costs that exceed the 45% increase. the policy should not be implemented. 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? The growth rate due to the new policy would equal |:|%. (Round your response to two decimal places.)