Test Index

WAEC Economics 2025 Paper

Question : 27

Total: 50

What is the dependency ratio?

Solution:

Concept:

The dependency ratio compares the non-working-age population with the working-age population.

Explanation:

Dependent age groups are

0-15

years and over

60

years.

So, dependent population

= 30\% + 10\% = 40\%

Working-age groups are

16-40

years and

41-60

years.

So, independent population

= 45\% + 15\% = 60\%

Dependency ratio

= \frac{40}{60} = \frac{2}{3}

This is written as

2:3

Answer:

2:3

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