The dependency ratio of a country is the

Economics

WAEC 2023

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

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Correct Answer: Option A

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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