A:Answer In a word, yes. In more words ...
The good news is you get 16 GB RAM, and it's dual channel so you get whatever speed advantage comes with dual channel. Also, counter to one commenter who lamented that it did not come with DDR5 but rather DDR4, I claim no bid deal, the speed advantage of DDR5 is overrated, and in any event, when this laptop was designed DDR5 was hard to find and virtually no designs from that era had DDR5, they were all DDR4 (or DDR3 in rare older cases).
The bad news is that 8 GB is soldered in and 8 GB is in the single RAM slot. If you're happy with 16, no biggie. If you swap out the 8 GB SODIMM for a 16GB you get 24 GB but now channel-size is a mismatch so you lose dual-channel advantage, I believe. Same way if you swap 8 GB for a 32 GB, which may be possible in this model, not sure, I know it's possible in the newer 2022 models.