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

It is currently 25 Oct 2014, 03:41

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

Ronald: According to my analysis of the national economy,

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 09 Jun 2009
Posts: 231
Followers: 1

Kudos [?]: 56 [0], given: 6

Ronald: According to my analysis of the national economy, [#permalink] New post 09 Dec 2009, 15:27
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

60% (01:58) correct 40% (01:20) wrong based on 11 sessions
17. Ronald: According to my analysis of the national economy, housing prices should not increase during the next six months unless interest rates drop significantly.
Mark: I disagree. One year ago, when interest rates last fell significantly, housing prices did not increase at all.
It can be inferred from the conversation above that Mark has interpreted Ronald’s statement to mean that
(A) housing prices will rise only if interest rates fall
(B) if interest rates fall, housing prices must rise
(C) interest rates and housing prices tend to rise and fall together
(D) interest rates are the only significant economic factor affecting housing prices
(E) interest rates are likely to fall significantly in the next six months

SUrely a wron OA. Can we discuss plz?
Senior Manager
Senior Manager
User avatar
Affiliations: PMP
Joined: 13 Oct 2009
Posts: 313
Followers: 3

Kudos [?]: 101 [0], given: 37

Re: CR 1000- TestB [#permalink] New post 09 Dec 2009, 20:29
17. Ronald: According to my analysis of the national economy, housing prices should not increase during the next six months unless interest rates drop significantly.
Mark: I disagree. One year ago, when interest rates last fell significantly, housing prices did not increase at all.
It can be inferred from the conversation above that Mark has interpreted Ronald’s statement to mean that
(A) housing prices will rise only if interest rates fall
(B) if interest rates fall, housing prices must rise (Correct - coz Mark is trying to justify that even when Int.Rate fell, housing prices didn't increase, he must've thought Ronald meant that if Int. rate drops house prices rise)
(C) interest rates and housing prices tend to rise and fall together
(D) interest rates are the only significant economic factor affecting housing prices
(E) interest rates are likely to fall significantly in the next six months

I think its B
_________________

Thanks, Sri
-------------------------------
keep uppp...ing the tempo...

Press +1 Kudos, if you think my post gave u a tiny tip

Director
Director
User avatar
Joined: 01 Apr 2008
Posts: 909
Schools: IIM Lucknow (IPMX) - Class of 2014
Followers: 15

Kudos [?]: 235 [0], given: 18

Re: CR 1000- TestB [#permalink] New post 10 Dec 2009, 11:01
+1 for B.
Manager
Manager
avatar
Joined: 28 Sep 2009
Posts: 62
Followers: 1

Kudos [?]: 18 [0], given: 2

Re: CR 1000- TestB [#permalink] New post 17 Dec 2009, 13:28
Can anyone explain to me why not A
_________________

I am not born to be a GENIUS nor a GMATTER. If you are struggling, we are in the same boat. Fight to the last!!

Manager
Manager
User avatar
Joined: 17 Dec 2009
Posts: 55
Followers: 0

Kudos [?]: 16 [0], given: 4

Re: CR 1000- TestB [#permalink] New post 18 Dec 2009, 08:32
I think is D
It can be inferred by the answer of Mark, that there are others factors which influence the price of house
1 KUDOS received
Manager
Manager
User avatar
Joined: 25 Aug 2009
Posts: 176
Location: Streamwood IL
Schools: Kellogg(Evening),Booth (Evening)
WE 1: 5 Years
Followers: 9

Kudos [?]: 101 [1] , given: 3

Re: CR 1000- TestB [#permalink] New post 18 Dec 2009, 13:26
1
This post received
KUDOS
Lets simplify the statements
Roland : X will not go up unless Y goes down
Mark : When Y went Down X didn't change.

Mark thinks Roland is saying when Y goes down X will go up. Find the answer which says this.

(A) housing prices will rise only if interest rates fall X will go up when Y goes down (Wrong)
(B) if interest rates fall, housing prices must rise when Y goes down X must rise (Correct)
(C) interest rates and housing prices tend to rise and fall together X and Y rise together and fall together(Wrong)
(D) interest rates are the only significant economic factor affecting housing prices Only Y affects X (not even close)
(E) interest rates are likely to fall significantly in the next six months (not worth considering)
_________________

Rock On

Director
Director
User avatar
Joined: 24 Aug 2007
Posts: 956
WE 1: 3.5 yrs IT
WE 2: 2.5 yrs Retail chain
Followers: 55

Kudos [?]: 733 [0], given: 40

Re: CR 1000- TestB [#permalink] New post 24 Apr 2010, 05:38
+1 for B.
As indicated by the Mark's first sentence-I disagree, This is simply a Logical formalism question. Negate the sentences and reverse it. You will get the answer.

If you need some info on Logical formalism then refer the link:
http://richardbowles.tripod.com/gmat/cr/logic.htm
_________________

Want to improve your CR: cr-methods-an-approach-to-find-the-best-answers-93146.html
Tricky Quant problems: 50-tricky-questions-92834.html
Important Grammer Fundamentals: key-fundamentals-of-grammer-our-crucial-learnings-on-sc-93659.html

Manager
Manager
avatar
Joined: 05 Mar 2010
Posts: 220
Followers: 1

Kudos [?]: 23 [0], given: 8

Re: CR 1000- TestB [#permalink] New post 25 Apr 2010, 09:48
One more vote for B
_________________

Success is my Destiny

Senior Manager
Senior Manager
avatar
Joined: 07 Jan 2010
Posts: 250
Followers: 1

Kudos [?]: 7 [0], given: 16

Re: CR 1000- TestB [#permalink] New post 26 Apr 2010, 08:37
I went for D, but seems the OA is B.

I guess I generalized it a bit too much. well...
SVP
SVP
avatar
Joined: 17 Feb 2010
Posts: 1560
Followers: 12

Kudos [?]: 226 [0], given: 6

Re: CR 1000- TestB [#permalink] New post 26 Apr 2010, 10:41
would pick (B).
Intern
Intern
avatar
Joined: 11 Apr 2012
Posts: 1
GMAT Date: 05-30-2012
Followers: 0

Kudos [?]: 0 [0], given: 2

Re: CR 1000- TestB [#permalink] New post 25 Jul 2012, 20:58
atish wrote:
Lets simplify the statements
Roland : X will not go up unless Y goes down
Mark : When Y went Down X didn't change.

Mark thinks Roland is saying when Y goes down X will go up. Find the answer which says this.

(A) housing prices will rise only if interest rates fall X will go up when Y goes down (Wrong)
(B) if interest rates fall, housing prices must rise when Y goes down X must rise (Correct)
(C) interest rates and housing prices tend to rise and fall together X and Y rise together and fall together(Wrong)
(D) interest rates are the only significant economic factor affecting housing prices Only Y affects X (not even close)
(E) interest rates are likely to fall significantly in the next six months (not worth considering)


I am not clear are there any differences between A & B? could u tell me?
Re: CR 1000- TestB   [#permalink] 25 Jul 2012, 20:58
    Similar topics Author Replies Last post
Similar
Topics:
Ronald: According to my analysis of the national economy, gmacvik 12 11 Oct 2005, 20:17
Ronald: According to my analysis of the national economy, gmacvik 1 11 Oct 2005, 20:17
Ronald: According to my analysis of the national economy, ywilfred 5 03 Sep 2005, 01:35
Ronald: According to my analysis of the national economy, karun_aggarwal 4 09 Apr 2005, 15:22
Ronald: According to my analysis of the national economy, DLMD 12 15 Feb 2005, 15:32
Display posts from previous: Sort by

Ronald: According to my analysis of the national economy,

  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®.