Arrange the following demographic developments in the correct sequence according to the demographic transition process discussed in the chapter:

(A) Decline in dependency ratio
(B) Decline in death rates
(C) Emergence of demographic dividend
(D) Decline in birth rates

(B) → (D) → (A) → (C)

The correct answer is Option 1: (B) → (D) → (A) → (C).

Reason: Death rates decline first, leading to population growth. Birth rates subsequently decline. As the proportion of the working-age population rises, the dependency ratio falls, creating the possibility of a demographic dividend.