Alternate approach — Trophic spectrum comparison:
Water bodies are classified along a nutrient gradient: oligotrophic (low nutrients), mesotrophic (moderate), and eutrophic (high nutrients, often with algal blooms). Checking each option against this spectrum, 'higher nutrients' and 'high productivity' describe eutrophic water, and 'algal blooms' is a symptom of eutrophication, not oligotrophy. By elimination, the only description matching the oligotrophic end of the gradient is low nutrients coupled with low productivity, since clear, nutrient-poor lakes cannot support dense algal or plant growth.
This confirms option Low nutrients and low productivity as correct.