In Boolean terms yes. However, a software engineer who writes a hello world program in an hour and a software engineer who writes a ML based high frequency trading algorithm in an hour produce vastly different outputs, but consume the same amount of energy.

Energy is a factor of production, just like labour, or commodities, or management. I can take another Totally Obvious Fact and say that growth is caused by the size of educated labour force... Assuming that energy is the defining factor of production either requires justification, or is just an assumption.