Why Is Productivity Growth Important

question 22

Multiple Choice

Why is productivity growth important?  

• A) because it is the only way an economy can increase GDP 
• B) because it ultimately increases a nation's standard of living 
• C) because a large increase in productivity growth causes a small decrease in GDP 
• D) because it causes an increase in the quantity of all resources available to an economy

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Definitions:

Practice Areas

Diverse fields within a profession, particularly in healthcare and law, where specialized knowledge and skills are applied.

Basic Nursing Care

Fundamental care practices that attend to the physical needs of patients, such as bathing, feeding, and comfort measures.

Prescriptive Theory

A theory that suggests specific actions or guidelines to achieve desired outcomes, often used in the context of interventions or problem-solving.

Meeting the Realities

The act of confronting and engaging with the factual and often hard truths of a situation or challenge.