Question : The "demographic dividend" refers to:
Option 1: A decrease in the population growth rate
Option 2: The economic benefits resulting from a young and growing population
Option 3: The decline in the working-age population
Option 4: The rise in the dependency ratio
Correct Answer: The economic benefits resulting from a young and growing population
Solution : The correct answer is (b) The economic benefits resulting from a young and growing population.
The demographic dividend occurs when a country experiences a decline in fertility rates, resulting in a relatively large working-age population compared to the dependent population (children and elderly). This demographic shift can create a favorable demographic structure that presents opportunities for economic growth and development.
Overall, the demographic dividend refers to the economic advantages that can arise from a youthful population structure, provided appropriate investments are made in education, health, skills development, and employment opportunities to harness the potential of the working-age population.