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Examine the graph above and answer each of the following questions - Leaving Cert Geography - Question 11A - 2018
Question 11A
Examine the graph above and answer each of the following questions. (i) What will the old age dependency ratio (%) be in 2024? (ii) In what period of years in the ... show full transcript
Worked Solution & Example Answer:Examine the graph above and answer each of the following questions - Leaving Cert Geography - Question 11A - 2018
Step 1
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Step 3
How many years will it take for the old age dependency ratio to double from its 2016 level?
Answer
To determine how many years it will take for the old age dependency ratio to double from its 2016 level, we first identify the ratio in 2016 and note that it will take approximately 28 years to reach that doubled figure, based on the trends depicted in the graph.
Step 4
In which year in the graph was the old age dependency ratio at its most favourable level economically?
Answer
The old age dependency ratio was at its most favourable level economically in 2008. This point marked a low in the ratio, indicating a better balance between the working-age population and the elderly.
Step 5
Explain briefly one reason for an increase in the old age dependency ratio.
Answer
One reason for an increase in the old age dependency ratio is the aging population. As life expectancy rises, there are more individuals living into older age groups, leading to a higher dependency ratio of older individuals relative to the working-age population.
Step 6
Explain briefly two effects of an increase in the old age dependency ratio.
Answer
- An increase in the old age dependency ratio can lead to greater financial strain on social services and pensions, as a smaller working-age population must support a larger elderly population.
- It may also result in a reduction in economic productivity, as the workforce shrinks relative to the number of dependents, potentially leading to slower economic growth.