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Five years ago, as part of a plan to encourage citizens of

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Re: CR - Levaska [#permalink] New post 27 Aug 2009, 09:27
D for me too.

It weaken the statement by showing that the money in the special account came from the saving account that are already in the bank, it's not the new deposit money. So the saving money is not increase, it only transfer to a new account.
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Re: CR - Levaska [#permalink] New post 28 Aug 2009, 07:36
IMO D as it correctly weaken the argument that it is the govt plan that has led to the increase in savings amongst people of Lavaska..
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Re: CR - Levaska [#permalink] New post 22 Sep 2009, 07:36
D for sure
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Re: CR - Levaska [#permalink] New post 22 Sep 2009, 07:57
Yep D!
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Re: CR - Levaska [#permalink] New post 20 Oct 2011, 08:10
Guys ... this is a Gmat prep 2 question... Marked D as an option and it was incorrect...

OA is B according to Gmat Prep.....
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Re: CR - Levaska [#permalink] New post 21 Oct 2011, 06:34
abhi398 wrote:
Guys ... this is a Gmat prep 2 question... Marked D as an option and it was incorrect...

OA is B according to Gmat Prep.....

Hey

Can you check the OA again? B seems out of scope to me...
Premise: the government plans to increase the saving by introducing a special savings account
Premise: Millions of dollars have accumulated in the special accounts
Conclusion: so the government's plan is obviously working

Which of the following, if true, most seriously weakens the argument?

A. A substantial number of Levaskans have withdrawn at least some of the money they had invested in the special accounts. -- this choice does not undermine the conclusion. it focuses on the money withdrawing of the citizens --->irrelevant
B. Workers in Levaska who already save money in long-term tax-free accounts that are offered through their workplace cannot take advantage of the special savings accounts introduced by the government -- the fact that workers cannot take advantage of the special savings accounts can't weaken the conclusion; other people can still benefit from the government's plan!
C. The rate at which interest earned on money deposited in regular savings accounts is taxed depends on the income bracket of the account holder. -- the focus of this choice is interest rate, hence irrelevant
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts. -- this choice seems ok to me.
E. Many of the economists who now claim that the government's plan has been successful criticized it when it was introduced. --this choice doesn't have any impact on the conclusion
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Re: CR - Levaska [#permalink] New post 22 Oct 2011, 11:50
Good question. +1 for D.
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Re: CR - Levaska [#permalink] New post 04 Nov 2011, 23:24
Quote:
Five years ago, as part of a plan to encourage citizens of Levaska to increase the amount of money they put into savings, Levaska’s government introduced special savings accounts in which up to $3,000 a year can be saved with no tax due on the interest unless money is withdrawn before the account holder reaches the age of sixty-five. Millions of dollars have accumulated in the special accounts, so the government’s plan is obviously working.


Premise 1: 5 yrs ago, L's government plan to encourage L's citizens put more (increase) money in savings
Premise 2: Special savings account in which $3,000 a year can be saved with no tax on interest
Premise 3: If the money is withdrawn before the account holder read 65 age, interest will be taxed
Premise 4: Special accounts got million dollar
Conclusion: The plan (encouraging to put more money in bank) is good

Which of the following, if true, most seriously weakens the argument?

A. A substantial number of Levaskans have withdrawn at least some of the money they had invested in the special accounts. => quite attack, but they do not withdraw all money. Savings accounts are still efficient in accumulate money
B. Workers in Levaska who already save money in long-term tax-free accounts that are offered through their workplace cannot take advantage of the special savings accounts introduced by the government. => totally irrelevant
C. The rate at which interest earned on money deposited in regular savings accounts is taxed depends on the income bracket of the account holder. => out of scope. We are talking about special ones
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts. => This one worked. It attack the plan, the money in banks did not increase significantly. Instead, it almost remained
E. Many of the economists who now claim that the government’s plan has been successful criticized it when it was introduced. => Strengthen and quite out of scope
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Re: Five years ago, as part of a plan to encourage citizens of [#permalink] New post 08 Nov 2011, 14:14
I go with D
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Re: Five years ago, as part of a plan to encourage citizens of [#permalink] New post 13 Nov 2011, 17:26
D
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Re: Five years ago, as part of a plan to encourage citizens of [#permalink] New post 26 Nov 2011, 20:14
D...it is
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Re: Five years ago, as part of a plan to encourage citizens of [#permalink] New post 26 Nov 2011, 20:52
Its D
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Re: Five years ago, as part of a plan to encourage citizens of   [#permalink] 26 Nov 2011, 20:52
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