Question

What conclusions can you draw about the relationship between GDP, standard of living, and productivity?

Answer 1

Answer:

GDP or gross domestic product is the total amount of products made in a country within a certain period of time.

standard of living is the availability or the degree of access to wealth. Productivity is the output of the effort placed in production to the input or the effort itself.

Explanation:

GDP, standard of living, and productivity all seek to measure the rate of profit or wealth of an individual or a country. When there is a high GDP in a country, is show that the country is very productive and would increase the standard of living.