The more a country produces and the higher the value of its goods and services, the lower its standard of living will be.

Name: The more a country produces and the higher the value of its goods and services, the lower its standard of living will be.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. The higher the production and value of goods and services, the higher the income and potential purchasing power for the individuals in the country, leading to a potentially higher standard of living.

The More a Country Produces and the Higher the Value