|Which of the following statements are correct about dependency ratio?|
|1. The total dependency ratio is the ratio of the sum of the population aged 0-14 and that aged 65+ to the population aged 15-64.|
|2. The child dependency ratio is the ratio of the population aged 0-14 to the population aged 15-64.|
|3. The old-age dependency ratio is the ratio of the population aged 65 years or over to the population aged 15-64.|
A) Only 1
B) Only 2 and 3
C) 1, 2 and 3
D) none of them
Correct Answer: C
Solution :[c] All ratios are presented as number of dependants per 100 persons of working age (15-64). The ratio of the economically dependent part of the population to the productive part; arbitrarily defined as the ratio of the elderly (ages 65 and older) plus the young (under age 15) to the population in the working ages (ages 15-64).This indicator gives insight into the amount of people of non-working age compared to the number of those of working age. A high ratio means those of working age ? and the overall economy - face a greater burden in supporting the aging population.
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