Final answer:
Designing information systems without factoring in an organization's projected growth rate can lead to insufficient systems that become quickly outdated, necessitating expensive updates or replacements. Population projections are also vital for assessing economic development trends, labor markets, and quality of life changes within a country.
Step-by-step explanation:
It is true that projecting an organization's growth rate is important when designing information systems. Anticipating growth allows for the information systems to be scalable and adaptable to the future needs of the organization. If a system is designed without considering growth, it might soon become obsolete or insufficient, leading to costly upgrades or replacements and potential disruptions in operations.
Similarly, in terms of social studies and economic development, understanding and projecting population trends is crucial. It aids in ascertaining the direction of economic development, influencing labor markets and the location of industrial centers. Rising populations can alter Gross Domestic Product (GDP) and Gross National Product (GNP) measurements and impact the overall quality of life within a country.