The higher the productivity of a country, the

Name: The higher the productivity of a country, the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Productivity measures how efficiently a country can produce goods and services. When a country has higher productivity, it means that it can produce more output with the same amount of resources. This leads to higher profits for firms, higher wages for workers, and ultimately a higher standard of living for the population. Therefore, the best choice is D, higher is its standard of living.

The Higher the Productivity of a Country, the