Find all School-related info fast with the new School-Specific MBA Forum

It is currently 21 Aug 2014, 16:44

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

In the 1970 s there was an oversupply of college graduates.

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Senior Manager
Senior Manager
User avatar
Joined: 26 Jun 2006
Posts: 445
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
In the 1970 s there was an oversupply of college graduates. [#permalink] New post 20 Aug 2006, 07:24
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
In the 1970’s there was an oversupply of college graduates. The oversupply caused the average annual income of college graduates to fall to a level only 18 percent greater than that of workers with only high school diplomas. By the late 1980’s the average annual income of college graduates was 43 percent higher than that of workers with only high school diplomas, even though between the 1970’s and the late 1980’s the supply of college graduates did not decrease.

Which of the following, if true, in the late 1980’s, best reconciles the apparent discrepancy described above?

(A) The economy slowed, thus creating a decreased demand for college graduates.
(B) The quality of high school education improved.
(C) Compared to the 1970’s, a greater number of high schools offered vocational guidance programs for their students.
(D) The proportion of the population with at least a college-level education increased.
(E) There was for the first time in 20 years an oversupply of job seekers with only high school diplomas.
_________________

http://mba2010dreams.blogspot.com

Manager
Manager
avatar
Joined: 31 Jul 2006
Posts: 229
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
 [#permalink] New post 20 Aug 2006, 10:00
Straight E.
Director
Director
avatar
Joined: 10 Oct 2005
Posts: 532
Location: US
Followers: 1

Kudos [?]: 8 [0], given: 0

GMAT Tests User
 [#permalink] New post 20 Aug 2006, 10:14
answer is E...

E is similar to the way argument explains why the average annual income reduced.
CEO
CEO
User avatar
Joined: 20 Nov 2005
Posts: 2922
Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008
Followers: 15

Kudos [?]: 79 [0], given: 0

GMAT Tests User
 [#permalink] New post 20 Aug 2006, 14:17
Looks like a straight E.
_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5253
Followers: 23

Kudos [?]: 126 [0], given: 0

GMAT Tests User Reviews Badge
 [#permalink] New post 21 Aug 2006, 02:03
The oversupply of high-school graduates in the 1980s probably included many of those job seekers reluctant to go to college because they were aware of the meager 18% differential (not much of an incentive) of landing a higher paying job a decade earlier.

(E)
  [#permalink] 21 Aug 2006, 02:03
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Fresh College graduate Nolina 2 22 Jun 2013, 23:56
In the 1970's there was an oversupply of college graduates. ajit257 6 09 Dec 2010, 12:22
In the 1970 s there was an oversupply of college graduates. spriya 8 31 Jul 2008, 18:28
Graduated college after 1 year soxy_topacio 2 01 May 2007, 09:02
1 In the 1970 s there was an oversupply of college graduates. jet1445 8 09 Feb 2007, 10:41
Display posts from previous: Sort by

In the 1970 s there was an oversupply of college graduates.

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.