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# In the country of Veltria, the past two years' broad

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16 Oct 2011, 19:16
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17 Oct 2011, 09:36
"C"

After elemination left with C
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17 Oct 2011, 13:31
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19 Jul 2012, 09:55
In the country of Veltria, the past two years' broad economic recession has included a business downturn in the clothing trade, where sales are down by about 7 percent as compared to two years ago. Clothing wholesalers have found, however, that the proportion of credit extended to retailers that was paid off on time fell sharply in the first year of the recession but returned to its prerecession level in the second year.

Which of the following, if true, most helps to explain the change between the first and the second year of the recession in the proportion of credit not paid off on time?

(A) The total amount of credit extended to retailers by clothing wholesalers increased between the first year of the recession and the second year.
(B) Between the first and second years of the recession, clothing retailers in Veltria saw many of their costs, rent and utilities in particular, increase.
(C) Of the considerable number of clothing retailers in Veltria who were having financial difficulties before the start of the recession, virtually all were forced to go out of business during its first year.
(D) Clothing retailers in Veltria attempted to stimulate sales in the second year of the recession by discounting merchandise.
(E) Relatively recession-proof segments of the clothing trade, such as work clothes, did not suffer any decrease in sales during the first year of the recession.
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15 Sep 2012, 01:02
what about A? the argument is on proportion. Retired/total credit: If total increased between year one year two, the ratio would decrease in the first year. Infact, donot know about the second year. Need help on this
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28 Feb 2013, 00:37
I also go to c but spend a lot of time , nearly 3 minutes.

the reason for time consumingness is

the answer choices are long and are time consuming.
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04 Aug 2013, 21:40
Hi everybody, I have seen following question on many threads but what I want is to understand the later part of this question. The part which is in bold is difficult for me to understand. Can anybody put it in layman/simple English. Thank you.

In the country of Veltria, the past two years' broad economic recession has included a business downturn in the clothing trade, where sales are down by about 7 percent as compared to two years ago. Clothing wholesalers have found, however, that the proportion of credit extended to retailers that was paid off on time fell sharply in the first year of the recession but returned to its prerecession level in the second year.

Which of the following, if true, most helps to explain the change between the first and the second year of the recession in the proportion of credit not paid off on time?

(A) The total amount of credit extended to retailers by clothing wholesalers increased between the first year of the recession and the second year.
(B) Between the first and second years of the recession, clothing retailers in Veltria saw many of their costs, rent and utilities in particular, increase.
(C) Of the considerable number of clothing retailers in Veltria who were having financial difficulties before the start of the recession, virtually all were forced to go out of business during its first year.
(D) Clothing retailers in Veltria attempted to stimulate sales in the second year of the recession by discounting merchandise.
(E) Relatively recession-proof segments of the clothing trade, such as work clothes, did not suffer any decrease in sales during the first year of the recession.

Last edited by Zarrolou on 04 Aug 2013, 22:06, edited 1 time in total.
Merging similar topics.
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25 Aug 2014, 08:42
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18 Sep 2014, 01:01
The explanation by KeepingUp is awesome.
Attachments

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Re: In the country of Veltria, the past two years' broad [#permalink]

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18 Sep 2014, 11:57
In the country of Veltria, the past two years' broad economic recession has included a business downturn in the clothing trade, where sales are down by about 7 percent as compared to two years ago. Clothing wholesalers have found, however, that the proportion of credit extended to retailers that was paid off on time fell sharply in the first year of the recession but returned to its prerecession level in the second year.

ok, so in first year, a lot of companies went bankrupt, hence the proportion of credit that was paid off fell. As a result, only big/financially stable companies remained in the business. These company could pay in time so therefore in the second year, the PROPORTION was not that low as in first year.

that's how I got to the C, although I chose D first time.
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Re: In the country of Veltria, the past two years' broad [#permalink]

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19 Feb 2015, 05:03
Many clothing retailers in Veltria were having financial difficulties before the start of the recession. So, this obviously resulted in the proportion of credit extended to retailers that was paid off on time, fall sharply in the first year of the recession.

However, according to C, such clothing retailers were forced to go out of business during its first year.

So, there is reason to believe that those clothing retailers who were left, were relatively better off. Hence, the proportion of credit extended to retailers that was paid off on time returned to its prerecession level in the second year.

So, C seems to explain this paradox.
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18 Feb 2016, 07:54
It has to be option C. The correct answer must indicate why the proportion rises. This is possible only when those who cannot repay the credit leave the business.
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06 Apr 2016, 17:23
I specifically crossed out C since it mentioned retailers who were "having financial difficulties before the start of the recession", which seems too narrow in scope. I was even thinking to myself "I will be so mad if it is C since it's such an attractive answer, but the answer choice loaded it with an obvious disqualifier"
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Re: In the country of Veltria, the past two years' broad [#permalink]

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03 May 2016, 09:14
When there is proportion or ratio in the stimulus attack the Proportion or the relationship.

Here, Repaid Debt/Total Debt is in question.

Only c addresses that is retailers went out of business the the denominator goes off, yes it still is unpaid debt .

This is the best explanation i came up with.
Re: In the country of Veltria, the past two years' broad   [#permalink] 03 May 2016, 09:14

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