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.
E) None of these statements explains why productivity is important to countries.

Question

Quizplus · Accepted Answer

One way productivity leads to a higher standard of living is through increased wages.

Why Is Productivity Important to Countries