21. The dependency ratio therefore expresses the proportion ( within the entire universe ) of such classifiable objects. 22. This historically low dependency ratio has been extremely beneficial for China s unprecedented period of economic growth. 23. With fertility rates continuing to fall and older generations having shorter life expectancies, the dependency ratio declines dramatically. 24. The dependency ratio was 60.2 %. 25. For a period of time this bulge is a burden on society and increases the dependency ratio . 26. The ( total ) dependency ratio can be decomposed into the child dependency ratio and the aged dependency ratio: 27. The ( total ) dependency ratio can be decomposed into the child dependency ratio and the aged dependency ratio : 28. The ( total ) dependency ratio can be decomposed into the child dependency ratio and the aged dependency ratio: 29. In turn, this declining dependency ratio can have a positive impact on overall economic growth, creating a demographic dividend. 30. Increased migration could decrease the old age dependency ratio , which is expected to grow considerably in the next decades.