The "old-age dependency ratio" refers to the ratio of non-working elderly people to working-age adults.

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The old-age dependency ratio is a measure of the number of working-age adults to non-working elderly people. It is calculated by dividing the number of people aged 65 and over by the number of people aged 15 to 64, and multiplying by 100. A higher ratio indicates a greater percentage of non-working elderly people relative to working-age adults.

The "Old-Age Dependency Ratio" Refers to the Ratio of Non-Working