Last visit was: 25 Apr 2024, 09:57 It is currently 25 Apr 2024, 09:57

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.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
Tags:
Show Tags
Hide Tags
Manager
Manager
Joined: 31 Aug 2011
Posts: 121
Own Kudos [?]: 790 [11]
Given Kudos: 56
Send PM
User avatar
Manager
Manager
Joined: 02 Jun 2009
Status:Fighting again to Kill the GMAT devil
Posts: 80
Own Kudos [?]: 162 [1]
Given Kudos: 48
Location: New Delhi
Concentration: MBA - Strategy, Operations & General Management
 Q44  V28 GMAT 2: 650  Q49  V29 GMAT 3: 650  Q47  V33
WE 1: Oil and Gas - Engineering & Construction
Send PM
User avatar
Manager
Manager
Joined: 13 Feb 2010
Status:Prevent and prepare. Not repent and repair!!
Posts: 146
Own Kudos [?]: 418 [0]
Given Kudos: 282
Location: India
Concentration: Technology, General Management
GPA: 3.75
WE:Sales (Telecommunications)
Send PM
User avatar
Manager
Manager
Joined: 06 Feb 2010
Posts: 125
Own Kudos [?]: 3284 [2]
Given Kudos: 182
Concentration: Marketing, Leadership
Schools: University of Dhaka - Class of 2010
GPA: 3.63
WE:Business Development (Consumer Products)
Send PM
Re: Which of the following, if true, best completes the argument [#permalink]
1
Kudos
Goods and services price are different based on a country's currencies. So it is not possible to compare one country's living standards with others without the actually figure of spending.
Director
Director
Joined: 14 Jul 2010
Status:No dream is too large, no dreamer is too small
Posts: 972
Own Kudos [?]: 4928 [0]
Given Kudos: 690
Concentration: Accounting
Send PM
Re: Which of the following, if true, best completes the argument [#permalink]
Top Contributor
PUNEETSCHDV wrote:
Which of the following, if true, best completes the argument below?
Comparisons of the average standards of living of the citizens of two countries should reflect the citizens’ comparative access to goods and services. Reliable figures in a country’s own currency for the average income of its citizens are easily obtained. But it is difficult to get an accurate comparison of average standards of living from these figures, because______
(A) there are usually no figures comparing how much of two different currencies must be spent in order to purchase a given quantity of goods and services
(B) wage levels for the same job vary greatly from country to country, depending on cultural as well as on purely economic factors
(C) these figures must be calculated by dividing the gross national product of a country by the size of its population
(D) comparative access to goods and services is only one of several factors relevant in determining quality of life
(E) the wealth, and hence the standard of living, of a country’s citizens is very closely related to their income


As because there is no common figure in a common currency is it is difficult to make an accurate comparison.

Ans. A
User avatar
Non-Human User
Joined: 01 Oct 2013
Posts: 17220
Own Kudos [?]: 848 [0]
Given Kudos: 0
Send PM
Re: Which of the following, if true, best completes the argument [#permalink]
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: Which of the following, if true, best completes the argument [#permalink]
Moderators:
GMAT Club Verbal Expert
6921 posts
GMAT Club Verbal Expert
238 posts
CR Forum Moderator
832 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne