Productivity increases enable a nation to raise its standard of living.

Question

Quizplus · Accepted Answer

A nation's standard of living is dependent on its productivity as it determines the quantity and quality of goods and services produced within the country. With increased productivity, a country can produce more goods and services, leading to economic growth and higher standards of living for its people. Therefore, the statement "Productivity increases enable a nation to raise its standard of living" is true.

Productivity Increases Enable a Nation to Raise Its Standard of Living