Use the data in the table below to answer the questions that follow; Age group...

ECONOMICS
WAEC 1994

Use the data in the table below to answer the questions that follow;

Age groupNo of Students in thousands
19551960
0 - 16150143
17 - 4551107
46 -602933
above 601517

(a) What is the percentage increase in the working population between 1955 - 1960?

(b) Calculate the ratio dependent population to the working population in 1955.

(c) Calculate the ratio of dependent population to the working population in 1960.

(d) Has the dependency ratio increased or decreased between 1955 and 1960?

Explanation

(a)Total working population in 1955 = 51 + 29 = 80

Total working population in 1960 = 107 + 33 = 140

The difference in working population = 140 - 80 = 60

Percentage increase = \(\frac{60}{1}\) x 100 = 75%

(b) Dependant population in 1955

0 - 16 = 150

above 60 =15

165

Working population in 1955 = 51 + 29 = 80

Ratio of dependent population = \(\frac{165}{80} = \frac{33}{16}\) = 33:16

(c) Dependant population in 1960

0 - 16 = 143

above 60 =17

160

Working population in 1960 = 107 + 33 = 140

Ratio of dependant population = \(\frac{160}{140} = \frac{8}{7}\) = 8:7

(d) Dependency ratio decreased between 1955 and 1960.



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