The country of Economia has a higher productivity rate than Productstan. Which statement is therefore correct?
A) Economia has a lower standard of living for its citizens than Productstan.
B) It cannot be determined from what is said which country has the higher standard of living.
C) Economia has a higher standard of living for its citizens than Productstan.
D) It can be assumed that both have the same high standard of living because productivity and living standards are unrelated.

Question

Quizplus · Accepted Answer

Economia has a higher productivity rate than Productstan, which means that it can produce more goods and services with the same amount of resources. This means that Economia has a higher standard of living for its citizens than Productstan.

The Country of Economia Has a Higher Productivity Rate Than