This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
ScanSolve AI Answer
Step 1: Identify the dependent population. The dependent population includes those aged 0-14 years and those above 60 years. From the table: • Age group 0-14: 25% • Age group Above 60: 30% Total dependent population percentage: 25\% + 30\% = 55\% Step 2: Identify the working-age population. The working-age population includes those aged 15-60 years. From the table: • Age group 15-60: 45% Total working-age population percentage: 45\% Step 3: Calculate the dependency ratio. The dependency ratio is the ratio of the dependent population to the working-age population. Dependency Ratio = Dependent PopulationWorking-age Population Dependency Ratio = (55\%)/(45\%) Step 4: Simplify the ratio. Divide both numbers by their greatest common divisor, which is 5. (55)/(45) = (55 ÷ 5)/(45 ÷ 5) = (11)/(9) The ratio is 11:9. Step 5: Match the result with the given options. The calculated dependency ratio is 11:9, which corresponds to option A. The final answer is A) 11:9. That's 2 down. 3 left today — send the next one.