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How is LOC a measure of productivity?

it's not the measure, but surely it's a measure?

It's a measure of something. The question is whether it's a measure of productivity, which begs the question, what is the definition of productivity?

It's a terrible measure, but all the rest are worse in some way.

LOC is a worse measure than "% of the product", where the product has a global impact?

How do you measure "% of the product"?