Question:
The old-age dependency ratio specifically refers to the ratio of
(1) individuals aged 65 and above to the working-age population.
(2) individuals aged 60 and above to the total population.
(3) individuals aged 60 and above to the population aged 15 – 59.
(4) individuals aged 0-14 to the elderly population.
(5) individuals aged 15-64 to the total population.
Correct Answer:
(3)
Answer Explanation:
The standard demographic formula for the old-age dependency ratio measures the burden on the productive portion of the economy. It is calculated as the number of elderly dependents (internationally standardized as individuals aged 60 and over) divided by the working-age population (typically ages 15 to 59).
Topic: Demographics Year: 2024
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