What is dependency ratio? How can you calculate old and young dependency ratio? What are the advantages of having knowledge of dependency ratio?
Dependency ratio is the ratio of dependent populationto independent population multiplied by 100.
Old and young dependencyratio is calculated by:
CDR = [Pn(0-14) / Pn(15-59)] * 100
ODR = [Pn (60 above) /Pn(15-59)] * 100
Advantages of having knowledge of dependency ratio are:
-To find the total dependent people.
-To find the total independent people.
-To know how many people are dependedtoeach independent people.
-To make policy makers easytoformulate policiesfor dependent and...