WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

2006 WAEC Economics Theory The pie chart below shows the age distribution of population in thousands of an island...

Economics
WAEC 2006

The pie chart below shows the age distribution of population in thousands of an island Y for the year 2000 The total population of the island is 245,000.
Use the information supplied to answer the questions that follow (Show all workings clearly)

(a) Calculate the number of persons in the different age groups 
(b) What is the dependency ratio of the population? 
(c) Give three implications of the above population structure 

WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Explanation

Age Group 0 - 16years
 \(\frac{220 }{360}\) x \(\frac{245.000 }{1}\) = 149,722 20

Age Group 17 — 45 years
 \(\frac{75 }{360}\) x \(\frac{245.000 }{1}\) = 51,041 70

Age Group 46 — 60 years
\(\frac{43 }{360}\) x \(\frac{245.000 }{1}\) = 29.26380  

Age Group 60 + years
\(\frac{22}{360}\) x \(\frac{245.000 }{1}\) =  14,972 20

Dependency ratio =   \(\frac{149.722.20 + 14.972.20}{51 ,041 70 + 29,26390}\) = \(\frac{164.694.40}{80,305 60}\) =  14,972 20
                             = 2.1 (2 to 1) (2: 1 to 1)

(c) Implications of population structure: 
(i) Increased demand for goods and services required by the youth and old ones because they form the large percentage of the population. 
(ii) If the items required by the young and old ones are not produced locally, there will be increased importation and resultant strain on the balance of payment.
(iii) Low level of savings and investment because of the high dependency ratio. 
(iv) Increased taxation and borrowing by government to meet increased demand for consumable items because the taxable population is small.
(v) High prospective labour force because of the large proportion of young ones. (vi) The current labour is low.


Report an Error Ask A Question Download App
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts