Why is productivity important to countries?
A)Productivity matters because it produces a higher standard of living.
B)Greater productivity results in lower wages.
C)Productivity increases supply and reduces demand for products.
D)Productivity reduces taxation.

Question

Why is productivity important to countries?
A)Productivity matters because it produces a higher standard of living. 
B)Greater productivity results in lower wages. 
C)Productivity increases supply and reduces demand for products. 
D)Productivity reduces taxation.

Quizplus · Accepted Answer

Productivity is important to countries because it results in increased output and economic growth. This in turn leads to a higher standard of living for the citizens of the country. With more goods and services being produced, individuals have greater access to the things they need and want. This can lead to greater social and economic well-being for the population.

Why Is Productivity Important to Countries