Relationship between productivity and standard of living

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Which of the following best describes the relationship between productivity and standard of living?

A. Productivity only increases revenue to investors, while general well-being is not affected.

B. A country's standard of living and its productivity are closely related.

C. International trade makes a country's productivity irrelevant.

D. A rich country can enjoy a high standard of living without the need for high productivity.

Reference no: EM13998609

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