Productivity Is the Primary Determinant of a Country's Living Standards

question 194

True/False

Productivity is the primary determinant of a country's living standards.

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Definitions:

Economic Return

The financial gain or loss generated by an investment, project, or activity, expressed as a percentage of the investment's cost.

Fuel Wood

Wood intended for use as fuel, primarily for cooking, heating, and sometimes for generating electricity, especially in rural areas.

Terrestrial Plants

Plants that grow on land as opposed to aquatic environments, adapted to extract nutrients and water from soil through their root systems.

Diverse Array

Refers to a wide variety or assortment of elements or items.