The dependency ratio of a country is the
ECONOMICS
WAEC 2023
The dependency ratio of a country is the
- A. the children and aged who rely on the active population for support
- B. people who are cared for by their extended families
- C. total active population who depend on government for survival
- D. number of children who depend on their parents for survival
Correct Answer: A. the children and aged who rely on the active population for support
Explanation
The dependency ratio of a country is the children and aged who rely on the active population for support.
The dependency ratio is a measure of the number of people who are not of working age (children and the elderly) compared to the number of people who are of working age (15-64 years old). A high dependency ratio means that there are a lot of people who are not of working age, which can put a strain on the economy. A low dependency ratio means that there are a lot of people of working age, which can be a sign of a healthy economy.
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