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

It is currently 25 Jul 2016, 20:30
GMAT Club Tests

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

The media claim that the economy is entering a phase of

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

1 KUDOS received
CEO
CEO
User avatar
Joined: 20 Nov 2005
Posts: 2911
Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008
Followers: 22

Kudos [?]: 217 [1] , given: 0

The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 16 Jul 2006, 20:16
1
This post received
KUDOS
16
This post was
BOOKMARKED
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. Their analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity.

B. Economic growth cannot be measured in terms of productivity.

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D. There has not been an increase in the number of bankruptcy lawyers.

E. The media often misrepresent the current state of economic affairs.

_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

Expert Post
1 KUDOS received
Senior Manager
Senior Manager
User avatar
Status: Making every effort to create original content for you!!
Joined: 23 Dec 2010
Posts: 490
Location: United States
Concentration: Healthcare, Social Entrepreneurship
GMAT 1: 660 Q48 V34
GMAT 2: 750 Q49 V42
Followers: 335

Kudos [?]: 1727 [1] , given: 82

GMAT ToolKit User Premium Member
Re: The media claim that the economy is entering a phase of grow [#permalink]

Show Tags

New post 03 Mar 2013, 12:18
1
This post received
KUDOS
Expert's post
1
This post was
BOOKMARKED
mun23 wrote:
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. This analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months, and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?
(A)Unemployment rates are not useful indicators of growth and prosperity.
(B)Economic growth cannot be measured in terms of productivity.
(C)Legislation has not been recently passed to make legal bankruptcy easier to obtain.
(D)There has not been an increase in the number of bankruptcy lawyers.
(E)The media often misrepresent the current state of economic affairs.

Need explanation.................. ..


Hi mun23,

Premises: Media claims economy is entering a phase of growth and prosperity --> lower unemployment rates and increased productivity

Conclusion: The analysis that economy is entering a phase of growth and prosperity is false.

Reason given for conclusion: High bankruptcy rates


This is again a cause and effect reasoning similar to the question in the post below.

Cause: High number of bankruptcies
Effect: Economy is not growing


surveys-consistently-show-that-the-best-selling-ice-cream-148675.html#p1191167

As the reason for the conclusion is the higher number of bankruptcies, the answer choice which does not provide information on bankruptcies is likely to be incorrect

(A)Unemployment rates are not useful indicators of growth and prosperity.

Even if unemployment rates are not useful indicators of growth and prosperity, there could be other indicators and this may make the claim by the media true. i.e. this choice is not the one that "must be true" for the conclusion to be true.


(B)Economic growth cannot be measured in terms of productivity.

Again this choice does not have to be true for the media's claim to be false. Productivity is just an indicator, the economy may not be growing or may be growing as there could be other indicators for economic growth. Moreover, (B) also does not mention anything about bankruptcies

(C)Legislation has not been recently passed to make legal bankruptcy easier to obtain.

This is the assumption that we have to make for our conclusion to be true. If bankruptcies are being filed because of a recent change in legislation then the reason to believe that the claim by the media is false becomes irrelevant. So, (C) has to be true for the conclusion to be true which states that the claim of media is false. Note that this choice is making the questionable claim by the author regarding bankruptcies a legitimate one. This is an excellent example of a choice which eliminates an alternative explanation of the evidence.

(D)There has not been an increase in the number of bankruptcy lawyers.

Even if there is an increase in the number of lawyers, this choice does not give us any information about the bankruptcies which the stimulus relates to the falsification of media's claims.

(E)The media often misrepresent the current state of economic affairs.

If media often misrepresent the current state of economic affairs then our conclusion "could be" true, but not necessarily. The correct assumption choice will make the conclusion unequivocally true.

Hope this helps,

Vercules
_________________

Press Kudos if you want to say thanks

Ultimate Reading Comprehension Encyclopedia | Ultimate Sentence Correction Encyclopedia | GMAT Prep Software Analysis and What If Scenarios -- VERBAL | GMAT Prep Software Analysis and What If Scenarios -- IR

Please Read and Follow the 9 Rules of Posting in Verbal Forum

Senior Manager
Senior Manager
avatar
Joined: 16 Dec 2011
Posts: 452
Followers: 11

Kudos [?]: 183 [0], given: 70

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 15 Apr 2013, 21:24
Duplicates posts on the same topic has been merged.
Verbal Forum Moderator
Verbal Forum Moderator
User avatar
Joined: 23 Jul 2010
Posts: 534
GPA: 3.4
WE: General Management (Non-Profit and Government)
Followers: 97

Kudos [?]: 757 [0], given: 293

GMAT ToolKit User Premium Member CAT Tests
Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 06 Nov 2013, 08:31
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 01 Oct 2013
Posts: 8768
Followers: 770

Kudos [?]: 157 [0], given: 0

Premium Member
Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 22 Nov 2014, 07:52
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.
Intern
Intern
avatar
Joined: 25 Oct 2014
Posts: 10
Followers: 0

Kudos [?]: 1 [0], given: 0

GMAT ToolKit User
The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 14 Nov 2015, 09:52
Some claimed that better economic growth rate because less unemployment rate. Author opposed. Author indirectly pointed out that the economic growth is not good or bad because increased bankruptcy & lawyers are busy. So the author must assume that nothing but poor economic growth caused the more bankruptcy filing & C exactly stated the assumption.

Image Posted from GMAT ToolKit
Manager
Manager
avatar
Joined: 14 Apr 2015
Posts: 83
Followers: 1

Kudos [?]: 11 [0], given: 48

GMAT ToolKit User
Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 24 Nov 2015, 09:26
u2lover wrote:
It is D, otherwise the argument doesn't hold

A, B and E seem like unsupported conclusions

C there is no indication of such a thing


This was a good q.
Conclusion is that media is wrong. Why? Coz. bankruptcy rates are high. - Now, this doesn't mean that media's two methods were wrong. They might be right. But, the bankruptcy rates are high, so economy is in bad shape.

A - Didn't suggest that two were bad indicators.
B - Same as A.
C - Keep it.
D - Opposite of the premise. - Eliminate.
E - Irrelevant.

Consider C. If legislation has not been recently passed to make legal bankruptcy easier to obtain, it means that the it has been easy for long time to make legal b/k. So, the increased nos. of b/k are legit. If, the legislation was passed recently, means the increase in nos. were coz, now it is easier to make legal b/k so people are making it now. So maybe they were b/k very long back, but declared b/k only now. So, can't say whether the economy is in trouble recently.
Manager
Manager
avatar
Joined: 03 Jul 2015
Posts: 81
Concentration: Marketing, Finance
Followers: 1

Kudos [?]: 7 [0], given: 41

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 01 Mar 2016, 09:54
Why is the answer not A or B?
The media claims that there is growth and prosperity on the basis of low unemployment and increase in productivity.
But the author's conclusion is that there is no growth because the number of bankruptcy cases have increased.

Isnt it right to say that the author assumes that unemployment and productivity are not the parameters for measuring growth?

Negating A also weakens the argument that 'there is no growth and prosperity'.

Also not able to understand how negating C weakens the argument.
If Legislation has been recently passed to make legal bankruptcy easier to obtain then it makes sense for the number of filed cases to increase. How does it weakens the argument.
Plz help! :)
Expert Post
Jamboree GMAT Instructor
User avatar
Status: GMAT Expert
Affiliations: Jamboree Education Pvt Ltd
Joined: 15 Jul 2015
Posts: 294
Location: India
Followers: 59

Kudos [?]: 201 [0], given: 1

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 08 Mar 2016, 23:14
Expert's post
"Lower unemployment rates and increased productivity" are the factors cited by media to make its claim that the economy is entering a phase of growth and prosperity. So these two are the main indicators in the argument. "A" and "B" goes against the facts.Hence these are not the assumptions.
_________________

Aryama Dutta Saikia
Jamboree Education Pvt. Ltd.
Jamboree Course Reviews | Try 2 of our classroom classes for free before you have to pay
Get GMAT Club Tests for free when you sign up for any Jamboree course. Request access

Manager
Manager
avatar
Joined: 17 Sep 2015
Posts: 55
Location: United Kingdom
GMAT 1: 660 Q45 V35
GPA: 3.1
Followers: 1

Kudos [?]: 10 [0], given: 14

CAT Tests
Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 03 May 2016, 07:37
Let me try to figure this out :-

According to CR Bible

an assumption can either be a supporter or defender.

For it to be a supporter there will a unique element introduced in conclusion. In this case bankruptcy,and supporter will bridge the gap between the two unique elements of evidence and conclusion.

Ev - Economy >>>>> Conc - Bankruptcy

Now we need to ask how cannot be a parameter for economic trend?

If it doesn't effect a sizable population, how cant it effect the sizable population? If its easy to get away with?
Then every one from credit card defaulter to sundry lender would go on filing the bankruptcy and getting away the petty debts.

On the other hand if its tough it will give a sense that people out of something bad in economy are filing for it.
Manager
Manager
avatar
Joined: 03 Jul 2015
Posts: 81
Concentration: Marketing, Finance
Followers: 1

Kudos [?]: 7 [0], given: 41

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 07 May 2016, 00:26
AryamaDuttaSaikia wrote:
"Lower unemployment rates and increased productivity" are the factors cited by media to make its claim that the economy is entering a phase of growth and prosperity. So these two are the main indicators in the argument. "A" and "B" goes against the facts.Hence these are not the assumptions.


Still not able to get this :( How does A and B goes against the facts.
Intern
Intern
avatar
Joined: 04 May 2016
Posts: 3
GPA: 3.25
WE: Accounting (Real Estate)
Followers: 0

Kudos [?]: 0 [0], given: 11

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 07 May 2016, 21:23
Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity - Author attacks why unemployment rate and productivity alone are not sufficient for their analysis, not the indicators themselves

B. Economic growth cannot be measured in terms of productivity - Author attacks why unemployment rate and productivity alone are not sufficient for their analysis, not the indicators themselves

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain. If unemployment rates and increased productivity are true, then in order for the authors argument to hold that the increased bankruptcy filings counter the projected growth and prosperity, the ability to file for bankruptcy must remain constant.

D. There has not been an increase in the number of bankruptcy lawyers - If there was an increase in bankruptcy lawyers would the bankruptcy lawyers be "busier than ever"?

E. The media often misrepresent the current state of economic affairs - Author attacks why unemployment rate and productivity alone are not sufficient for their analysis, not that they are misrepresenting the information.
Manager
Manager
User avatar
Joined: 03 May 2015
Posts: 247
Location: South Africa
Concentration: International Business, Organizational Behavior
GPA: 3.49
WE: Web Development (Insurance)
Followers: 8

Kudos [?]: 56 [0], given: 21

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 06 Jun 2016, 23:35
ps_dahiya wrote:
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. Their analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity.

B. Economic growth cannot be measured in terms of productivity.

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D. There has not been an increase in the number of bankruptcy lawyers.

E. The media often misrepresent the current state of economic affairs.



Premise 1: No. of people filing bankruptcy on the rise.
Premise 2(cp) : Lower unemp and higher prod.

Conclusion : Economy is going down

Assumption: The first thing I noticed was number. Seeing the word number always raises a flag for me in CR. I first thought that we need to see the percentage, maybe more people are taking risk and more success stories as well. But this is not there in the options. So second gap for me is .... has the definition of bankruptcy changed? Is being bankrupt now different from being bankrupt 10 years ago?

C fits it perfectly.

D can't be an assumption. Increase in bankruptcy lawyers doesn't imply more people will file for bankruptcy. It's the opposite. No. of lawyers have increased because more people filing for bankruptcy.
_________________

Kudos if I helped ;)

Manager
Manager
User avatar
Joined: 03 May 2015
Posts: 247
Location: South Africa
Concentration: International Business, Organizational Behavior
GPA: 3.49
WE: Web Development (Insurance)
Followers: 8

Kudos [?]: 56 [0], given: 21

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 06 Jun 2016, 23:38
sa18 wrote:
AryamaDuttaSaikia wrote:
"Lower unemployment rates and increased productivity" are the factors cited by media to make its claim that the economy is entering a phase of growth and prosperity. So these two are the main indicators in the argument. "A" and "B" goes against the facts.Hence these are not the assumptions.


Still not able to get this :( How does A and B goes against the facts.


You are correct sa18 : A and B are going with the author's facts. They are not going with media's facts.

A and B are part of the counter-premise. They are not the assumptions. They do not connect conclusion to the given premises.
_________________

Kudos if I helped ;)

Senior Manager
Senior Manager
User avatar
Joined: 18 Jan 2010
Posts: 257
Followers: 3

Kudos [?]: 42 [0], given: 9

Re: The media claim that the economy is entering a phase of [#permalink]

Show Tags

New post 07 Jun 2016, 00:07
ps_dahiya wrote:
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. Their analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity.

B. Economic growth cannot be measured in terms of productivity.

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D. There has not been an increase in the number of bankruptcy lawyers.

E. The media often misrepresent the current state of economic affairs.


The argument is that since number of people filing for bankruptcy has increased and bankruptcy lawyers are very busy, hence we can conclude that economy is not performing well. The argument is assuming only one cause: Poor economic health. What if there was some other cause for increase in number of people filing for bankruptcy?
Then the conclusion would fall apart.

Let us review options.

A. This is not an assumption of the argument. Argument states that Bankruptcy numbers state a different picture. As such argument is not saying that Unemployment rate is not a useful indicator. It merely projects the figures of some other indicator. Out.

B. Similar argument as in case of (A). Argument does not say that Productivity is not a useful indicator. Out.

C. This is exactly the reason we were looking for. Hold.

D. Even if the number of lawyers increased, would it affect the conclusion. No. Leave this option. C is a much better option.

E. Restating conclusion. Out.

C is the answer.
Re: The media claim that the economy is entering a phase of   [#permalink] 07 Jun 2016, 00:07

Go to page   Previous    1   2   3   [ 54 posts ] 

    Similar topics Author Replies Last post
Similar
Topics:
The media claim that the economy is entering a phase of mun23 0 03 Mar 2013, 12:18
The media claim that the economy is entering a phase of vikky267 0 25 Jul 2012, 21:35
The media claim that the economy is entering a phase of OptimusPrimea1 0 31 Jan 2012, 09:02
The media claim that the economy is entering a phase of gmatprep09 0 21 May 2009, 12:13
The media claim that the economy is entering a phase of iamba 0 19 Jul 2008, 09:44
Display posts from previous: Sort by

The media claim that the economy is entering a phase of

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| 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®.