234k views
1 vote
How does the standard of living relate to PPC

User UNagaswamy
by
8.0k points

1 Answer

6 votes
Labor productivity is a measure of the amount of goods and services that the average worker produces in an hour of work. The level of productivity is the single most important determinant of a country's standard of living, with faster productivity growth leading to an increasingly better standard of living. I hop this helps
User Jan Hecking
by
7.8k points