In a population having mid-year population of 1000, there are 150 children less than 15 years and 50 elderly more than 65 years of age. Calculate dependency ratio ?
High-Yield Explanation
Dependency ratio = (Propoion of ppl in < 15yrs of age + >65yrs of age) / Propoion of ppl in 15-64 yrs of age = 150+50/800 = 0.25