Question

There are 60,094 people under the age of 14 years old

There are 212,468 people age between 15 and 64 years old

There are 42,362 people over the age of 65 years old

What is the Age Dependency Ratio as a decimal rounded to the Thousandths place?

Answer 1

67.466%

Explanation:

No. of people aged below 14 years old= 60,094

No. of people aged between 15 and 64 years old= 212,468

No. of people aged above 65 years old= 42,362

Age Dependency Ratio= No. of people aged between 15 and 64 years old

/Total People

=
`(212,468)/(60,094+212,468+42,362)` × 100

=
`(212,468)/(314,924)` × 100

= 67.466%

∴ the Age Dependency Ratio is 67.466%.