Labor Productivity in Jordan
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Questions and Answers

What is the projected average economic growth rate for Jordan in 2019?

  • 2.7%
  • 2.3%
  • 2.6%
  • 2.5% (correct)

What was the overall unemployment rate in Jordan during the 2nd quarter of 2018?

  • 17.5%
  • 18.7% (correct)
  • 19.5%
  • 18.0%

Which year is expected to have the highest average economic growth rate according to the forecasts?

  • 2018
  • 2019
  • 2017
  • 2020 (correct)

What percentage was the unemployment rate in Jordan in 2016?

<p>12.0% (B)</p> Signup and view all the answers

How did the unemployment rate in Jordan change from 2010 to 2018 according to the data?

<p>It increased over the years. (A)</p> Signup and view all the answers

Which region recorded the highest mean growth rate in labor productivity between 2010 and 2018?

<p>China (B)</p> Signup and view all the answers

What was the labor productivity growth rate for the Middle East and North Africa region from 2010 to 2018?

<p>0.230% (B)</p> Signup and view all the answers

Which of the following countries ranked the highest in labor productivity growth rate in the list provided?

<p>Turkmenistan (B)</p> Signup and view all the answers

Among the listed economies, which showed the lowest labor productivity growth rate from 2010 to 2018?

<p>Middle East &amp; North Africa (C)</p> Signup and view all the answers

Which country was ranked 20th in labor productivity growth rates?

<p>Indonesia (A)</p> Signup and view all the answers

What is the growth rate of labor productivity for the World from 2010 to 2018?

<p>2.286% (B)</p> Signup and view all the answers

Which region had a labor productivity growth rate of 1.107%?

<p>OECD (C)</p> Signup and view all the answers

Which of the following regions had a labor productivity rate above 1%?

<p>OECD (D)</p> Signup and view all the answers

What is the female labor force participation rate in Jordan as of 2017?

<p>14.8% (C)</p> Signup and view all the answers

Which country has the highest overall labor force participation rate according to the data?

<p>UK (C)</p> Signup and view all the answers

Which demographic group in Jordan has the highest percentage of college graduates with a Bachelor’s degree or higher?

<p>Females with B.A &amp; higher (D)</p> Signup and view all the answers

How does Jordan's female labor force participation rate compare to that of Egypt?

<p>Lower than Egypt's (A)</p> Signup and view all the answers

What is the overall labor force participation rate for Jordan?

<p>14.8% (B)</p> Signup and view all the answers

Which of the following countries has a labor force participation rate closest to that of Jordan?

<p>Turkey (C)</p> Signup and view all the answers

What percentage of females aged 20-24 in Jordan holds a Bachelor’s degree or higher?

<p>37.7% (B)</p> Signup and view all the answers

What challenge is indicated by the low labor force participation rates in Jordan?

<p>High unemployment rates (C)</p> Signup and view all the answers

What is labor productivity primarily a measure of?

<p>Efficiency with which labor can produce goods and services (C)</p> Signup and view all the answers

Which of the following is a benefit of higher labor productivity?

<p>Lower unit costs and increased demand (D)</p> Signup and view all the answers

How is labor productivity calculated?

<p>Total output divided by total employment (A)</p> Signup and view all the answers

Which factor does not contribute to improving labor productivity?

<p>Rising production costs (A)</p> Signup and view all the answers

What is one expected outcome of increased labor productivity?

<p>Higher wages for employees (B)</p> Signup and view all the answers

Why is labor productivity an important economic measure for Jordan?

<p>It affects economic growth and socio-economic benefits (B)</p> Signup and view all the answers

Which of the following statements about labor productivity is accurate?

<p>It can lead to lower prices for consumers (A)</p> Signup and view all the answers

What role do corporate profits play in the context of labor productivity?

<p>Efficiency gains from productivity contribute to higher profits (A)</p> Signup and view all the answers

Which country experienced the greatest decline in labor productivity from 2010 to 2018?

<p>Syria (B)</p> Signup and view all the answers

What percentage decline did Kuwait experience in labor productivity?

<p>-0.831% (D)</p> Signup and view all the answers

Which of the following countries had a positive growth in labor productivity?

<p>Ecuador (D)</p> Signup and view all the answers

What is the significance of labor productivity as mentioned in the context of Jordan?

<p>Improving it can lead to numerous economic benefits. (B)</p> Signup and view all the answers

Which country showed the least decline in labor productivity among the bottom countries listed?

<p>South Africa (D)</p> Signup and view all the answers

Which two countries had nearly the same decline in labor productivity at -0.505% and -0.531%?

<p>Trinidad &amp; Tobago and Angola (C)</p> Signup and view all the answers

According to the presented data, which country had a labor productivity decline of -0.385%?

<p>Mali (B)</p> Signup and view all the answers

What common characteristic is shared by the countries listed with declining labor productivity?

<p>They face economic challenges affecting productivity. (D)</p> Signup and view all the answers

What is a key recommendation for improving employee engagement?

<p>Provide clear communication and feedback. (A)</p> Signup and view all the answers

How can competition affect productivity according to international evidence?

<p>It promotes productivity improvements. (C)</p> Signup and view all the answers

What role does infrastructure spending play in the economy?

<p>It is crucial for reducing delays and improving efficiency. (C)</p> Signup and view all the answers

What should businesses be encouraged to adopt to improve productivity?

<p>New production technologies and innovations. (D)</p> Signup and view all the answers

Which factor is shown to increase productivity through Foreign Direct Investment (FDI)?

<p>Boosting new manufacturing capacity and technology. (B)</p> Signup and view all the answers

What impact does global competition have on efficiency?

<p>It serves as a motivator for efficiency improvements. (B)</p> Signup and view all the answers

During 2014-2017, how does Jordan's public spending on education compare to other countries like the USA and Sweden?

<p>It was lower than many OECD countries' averages. (D)</p> Signup and view all the answers

What is the average public spending on education in Jordan as a percentage of GDP during the specified period?

<p>3.8% (A)</p> Signup and view all the answers

Flashcards

Economic Growth

The rate at which the value of goods and services produced in a country increases over time, usually expressed as a percentage.

IMF Forecasts

The International Monetary Fund (IMF) is an organization that provides financial assistance and advice to countries facing economic difficulties. It also forecasts economic growth for different countries.

Unemployment Rate

The percentage of the workforce that is unemployed and actively seeking employment.

Unemployment Distribution

The distribution of unemployment rates across different demographic groups such as age, gender, and education level.

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Economic Growth in Jordan

The rate at which the value of goods and services produced in a country increases over time, usually expressed as a percentage.

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Labor Force Participation Rate

The percentage of the population that is either employed or actively seeking employment.

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Female Labor Force Participation Rate

The labor force participation rate specifically for women.

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Gender Gap in Labor Force Participation

The difference between the labor force participation rate for men and women.

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Low Female Labor Force Participation Rate

A country with a low female labor force participation rate has a significantly lower % of women participating in the workforce compared to other countries.

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Jordan's Low Labor Force Participation Rate

Jordan has one of the lowest labor force participation rates in the world.

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Jordan's Low Female Labor Force Participation Rate

Jordan has a significantly low female labor force participation rate.

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Jordan's Gender Gap in Labor Force Participation

The difference between the female and overall labor force participation rates in Jordan.

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Low Participation Rates and High Unemployment in Jordan

Jordan's low participation rates, especially among women, contribute to high unemployment rates.

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Labor Productivity Growth Rate

The rate at which the value of goods and services produced in a country increases over time, usually expressed as a percentage.

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Labor Productivity Data Source

The Conference Board, a US non-profit organization that conducts economic research, publishes labor productivity data for 123 countries.

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Highest Labor Productivity Grower (2010-2018)

China achieved the highest labor productivity growth rate between 2010 and 2018.

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Lowest Labor Productivity Grower (2010-2018)

The Middle East and North Africa (MENA) region showed the lowest labor productivity growth during the same period.

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Top 20 Labor Productivity Performers

The top 20 countries with the highest labor productivity growth rates didn't include any Arab economies.

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Top Performers in Labor Productivity

Turkmenistan and China ranked first and second in terms of labor productivity growth rates.

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Importance of Labor Productivity

Labor productivity is a key factor for a country's economic success. It measures how efficiently resources are utilized to produce goods and services.

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Jordan's Labor Productivity Challenges

The specific challenges faced by Jordan in terms of improving labor productivity are not mentioned in the provided text.

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Labor Productivity

The ability of a nation to efficiently use labor to generate output, maximizing production with a given set of resources.

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How do you calculate labor productivity?

Dividing total output by the number of workers employed, providing a measure of labor efficiency.

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How do lower unit costs benefit the economy?

Lower costs per unit result in lower prices for consumers, encouraging higher demand, increased production, and potentially more job creation.

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Why does higher productivity lead to improved trade performance?

Firms that are more productive and have lower production expenses are better able to compete in international markets.

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How do increased profits benefit businesses?

Increased efficiency results in higher profits for businesses. These profits can then be reinvested for future growth and expansion.

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How does productivity impact wages?

When productivity improves, companies can afford to offer higher wages to their employees.

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What's the link between productivity and economic growth?

A faster rate of increase in labor productivity leads to higher real economic growth.

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How does a young population impact economic growth?

A country's young and growing population can contribute to increased labor input and potential economic growth.

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Labor Productivity in Jordan

Improving labor productivity refers to enhancing the output produced per worker, which can lead to a more efficient economy.

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Low Labor Productivity

Low labor productivity means individuals produce less output per unit of time, potentially indicating inefficiencies within the economy.

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Benefits of Improved Labor Productivity

The benefits of improving labor productivity include economic growth, higher wages, and job creation. It boosts the overall well-being of a country.

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Improving Labor Productivity in Jordan

The goal is to improve labor productivity in Jordan by finding ways to make workers more efficient and productive.

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No Simple Formula for Improving Labor Productivity

There is no single solution to improving labor productivity. A combination of factors, such as training, technology, and better infrastructure, needs to be considered.

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Challenge of Boosting Labor Productivity

Jordanian stakeholders face the challenge of finding effective ways to boost labor productivity within the country.

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Importance of Understanding Labor Productivity

The text emphasizes the importance of understanding the complexities of labor productivity, indicating that there's no quick fix or simple approach.

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Jordan's Ranking and Need for Action

Given Jordan's position in the list of countries with the worst labor productivity, stakeholders must take action and prioritize boosting this crucial metric.

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Employee Engagement Strategies

Improving employee skills, promoting ownership of time and resources, fostering clear communication, and actively listening to employee feedback.

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Boosting Competitiveness

Evaluating economic sectors for competitiveness and adjusting regulations to promote efficiency.

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Importance of Infrastructure

Investing significantly in critical infrastructure, like transportation and communication networks, to increase efficiency and productivity.

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Technology & Innovation Adoption

Encouraging businesses to adopt new technologies and production processes, potentially through tax incentives.

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Foreign Direct Investment (FDI)

Attracting foreign investment can increase productivity through new manufacturing and technology transfer.

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Benefits of Global Competition

Global competition drives businesses to become more efficient and innovative.

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Education Spending

Spending significantly on education is crucial, even more so than the current 3.8% of GDP in Jordan.

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Education Spending Efficiency

Improving the effectiveness of how education spending impacts workforce productivity in Jordan.

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Study Notes

Labor Productivity in Jordan

  • Jordan's economy faces challenges with low labor productivity and high unemployment.
  • Real economic growth projections are relatively weak: 2.3% (2018), 2.5% (2019), and 2.7% (2020) according to IMF forecasts.
  • Overall unemployment rate is high at 18.7% (second quarter 2018).
  • The distribution of unemployment by age, gender, and education is particularly concerning.
  • Labor force participation rates are low, especially for females. Jordan has one of the lowest participation rates globally.
  • Jordan's labor productivity growth is very low compared to other regions, ranking 116th out of 123 countries during 2010-2018. Growth averaged -0.783% in that period.

Concept of Labor Productivity

  • Labor productivity measures how efficiently labor produces goods and services.
  • It's calculated as output per worker.
  • Higher labor productivity leads to lower costs, better competitiveness, higher profits, increased wages, and economic growth.

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Labor Productivity in Jordan (2018) PDF

Description

This quiz explores the challenges facing Jordan's labor productivity, including low rates, high unemployment, and economic growth projections. It also delves into the concept of labor productivity, its measurement, and its implications for economic performance. Understand the factors affecting Jordan's workforce and productivity levels.

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