Economics • Indian EconomyEasy
What does the term 'Demographic Dividend' refer to in the context of economic development in India?
A. The economic growth potential resulting from shifts in a population's age structure, specifically when the share of the working-age population is larger than the non-working-age share.✓ Correct Answer
B. The monetary compensation provided to families adhering to population control norms.
C. The tax rebates offered to corporations hiring senior citizen employees.
D. The surplus revenue generated from healthcare services provided to elderly citizens.
💡 Solution & Explanation
The demographic dividend describes the accelerated economic growth potential that materializes when falling birth and mortality rates shift the age distribution of a population so that the working-age cohort outnumbers dependents. Monetary rewards or tax perks for senior hiring do not define this macroeconomic phenomenon.
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