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In demography, a dependency ratio is usually the ratio of the non-productive members of the population to the productive members. This is because the econmic well-being of the whole population - the productive and non-productive members - depends on the value produced by the productive part.
The non-productive population comprises the youngsters (aged up to 15), and the older people (aged 65 and over) while the productive part is the population aged 15 to 64. The ratio is usually expressed as a percentage.
A high ratio means that each working person is, effectively supporting, more people.
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What is the dependency ratio of the Philippines by 2010?
It was around 60.5 %.
Who should use the dependency ratio?
The dependency ratio should be used to asses how well the labor or work force supports those who do not work in relation to other countries or regions.
What is the purpose of a dependency ratio?
"A dependency ratio is the measure of the population of the people categorized as ""dependents"", these being people who are unable to cope living on their own without assistance. These people would include young children or elderly no longer capable or work. Keeping the statistic of this ratio up to date is important in raising concern or awareness of what society can supply to the current demand that a particular population needs. Certain countries for example have a high dependency ration, which is bad considering there are fewer citizens capable of working and providing for society."
How do i figure Child dependency ratio?
It is usually calculated as the number of children (aged under 15 years) as a ratio of people of working age (ages 15 to 64). This ratio is currently in a state of flux because the pension age is being raised in many countries so that the denominator of the ratio covers a bigger age range.
What does it mean to depend?
Dependent on each other. Both parties have a dependency on one another.
