The only way standard of living can increase is through increases in labor productivity.

Name: The only way standard of living can increase is through increases in labor productivity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Increases in labor productivity can lead to a higher standard of living, but improvements in technology, capital investment, education, and health, as well as better access to resources and more efficient economic policies, can also significantly contribute to raising the standard of living.

The Only Way Standard of Living Can Increase Is Through