Why is it so important for Canadians to understand the dependency ratio?
A) It tells us how many people are under the age of 18.
B) It tells how many people are over the age of 65.
C) It tells us the number of working-age versus non-working-age Canadians.
D) It tells us where our respective governments need to spend taxpayer dollars.

Question

Quizplus · Accepted Answer

The dependency ratio measures the proportion of the population who are not of working age (under 15 and over 64) compared to those who are of working age (15-64). This is important because it helps policymakers and economists understand the potential burden on the working-age population to support those who are not working and therefore not contributing to the economy. It also highlights the need for certain policies, such as pension and social welfare programs, as well as the need to invest in education and training to increase the productivity of the working-age population.

Why Is It So Important for Canadians to Understand the Dependency