How Does Productivity Explain the Differences in Standard of Living

question 53

Multiple Choice

How does productivity explain the differences in standard of living across countries?

• A)Productivity tends to be lower in countries with high population; therefore in those countries standards of living are lower.
• B)Productivity explains very little of the differences across countries in the standard of living.
• C)Productivity explains some, but not most, of the differences across countries in the standard of living.
• D)Productivity explains most of the differences across countries in the standard of living.

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