Which statement best describes productivity?(1 point)

Question

Responses

It is the gross domestic product.
It is the gross domestic product.

It is the sum of inputs and outputs.
It is the sum of inputs and outputs.

It directly impacts the GDP.
It directly impacts the GDP.

It is a steady increase in the GDP each year.

Answer 1

The statement that best describes productivity is:

It directly impacts the GDP.

Productivity refers to the efficiency of production, often measured as the ratio of outputs to inputs. Higher productivity generally leads to increased economic output, which can impact GDP positively.