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Calculate the dependency ratio given the following age distribution: 0-14 years (25%), 15-60 years (45%), Above 60 years (30%).
Economics
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Step-by-step solution
5 stepsIdentify 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:
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:
Calculate the dependency ratio.
The dependency ratio is the ratio of the dependent population to the working-age population.
Simplify the ratio.
Divide both numbers by their greatest common divisor, which is 5.
The ratio is .
Match the result with the given options.
The calculated dependency ratio is , which corresponds to option A.
The final answer is .
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