In order to increase the GDP, it is necessary to raise productivity.

Question

Quizplus · Accepted Answer

GDP is calculated as the total output of goods and services produced in a country. One way to increase this output is by raising productivity, which means increasing the efficiency of production processes, using technology, improving the skills of workers, and reducing waste. When productivity increases, firms are able to produce more output with the same amount of resources, which leads to an increase in GDP.

In Order to Increase the GDP, It Is Necessary to Raise