A country's level of productivity determines its
A)productivity growth rate.
B)rate of population growth.
C)current standard of living.
D)future income potential.

Question

Quizplus · Accepted Answer

A country's level of productivity is closely linked to its current standard of living. This is because higher productivity means that workers are able to produce more goods and services in a given amount of time, leading to higher levels of economic output and potential for higher wages and consumption. However, productivity growth rate, rate of population growth, and future income potential are also affected by productivity levels to varying extents.

A Country's Level of Productivity Determines Its