Last visit was: 11 Sep 2024, 23:42 It is currently 11 Sep 2024, 23:42
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
Senior Manager
Senior Manager
Joined: 04 Sep 2017
Posts: 334
Own Kudos [?]: 21243 [119]
Given Kudos: 61
Send PM
Most Helpful Reply
Manager
Manager
Joined: 14 Apr 2017
Posts: 79
Own Kudos [?]: 888 [39]
Given Kudos: 566
Location: Hungary
GMAT 1: 760 Q50 V42
WE:Education (Education)
Send PM
Tutor
Joined: 04 Aug 2010
Posts: 1333
Own Kudos [?]: 3304 [6]
Given Kudos: 9
Schools:Dartmouth College
Send PM
General Discussion
Re: A country's per capita national debt is its national debt divided by [#permalink]
1
Kudos
1
Bookmarks
ZoltanBP
gmatt1476
A country's per capita national debt is its national debt divided by its population. Is the per capita national debt of Country G within $5 of $500 ?

(1) Country G's national debt to the nearest $1,000,000,000 is $43,000,000,000.
(2) Country G's population to the nearest 1,000,000 is 86,000,000.

DS19350.01

Let D be the debt and let P be the population. The original question: Is \(495\leq \frac{D}{P}\leq 505\) ?

1) We know that \(42{,}500{,}000{,}000\leq D<43{,}500{,}000{,}000\), but no information is given about the population. Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

2) We know that \(85{,}500{,}000\leq P<86{,}500{,}000\), but no information is given about the debt. Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

1&2) First, we check whether the maximum possible value for D/P meets the upper bound condition in the original question.

Is \(\frac{435{,}000}{855}\leq 505\) ? To answer the question, we should use multiplication rather than division.

Since (855)(505)=431,775 is not greater than 435,000 , the maximum possible value for D/P is greater than the upper bound in the original question.

Then, we check whether the minimum possible value for D/P meets the upper bound condition in the original question. It's important that we check the upper bound condition, not the lower bound condition. Imagine that it could meet the lower bound condition with or without meeting the upper bound condition.

Is \(\frac{425{,}000}{865}\leq 505\) ?

Since (865)(505)=436,825 is greater than 425,000 , the minimum possible value for D/P is not greater than the upper bound in the original question.

Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

Answer: E
ZoltanBP
Hello
May I know Why did you use D < ?
Why not it is both or < at a time?
Re: A country's per capita national debt is its national debt divided by [#permalink]
gmatt1476
A country's per capita national debt is its national debt divided by its population. Is the per capita national debt of Country G within $5 of $500 ?

(1) Country G's national debt to the nearest $1,000,000,000 is $43,000,000,000.
(2) Country G's population to the nearest 1,000,000 is 86,000,000.


DS19350.01
Hello Bunuel
May i have your best efforts here in this question? Your help will be appreciated..
Thanks__
Manager
Manager
Joined: 14 Apr 2017
Posts: 79
Own Kudos [?]: 888 [3]
Given Kudos: 566
Location: Hungary
GMAT 1: 760 Q50 V42
WE:Education (Education)
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
3
Kudos
Asad
May I know Why did you use D < ?
Why not it is both or < at a time?

Hi Asad,

I used different signs because of the rounding rule.

42,500,000,000 rounded to the nearest 1,000,000,000 is 43,000,000,000. However, 42,499,999,999 rounded to the nearest 1,000,000,000 would only be 42,000,000,000. That's why I used the \(\leq\) sign for the lower bound.

43,500,000,000 rounded to the nearest 1,000,000,000 would be an excessive amount of 44,000,000,000. However, 43,499,999,999 rounded to the nearest 1,000,000,000 is 43,000,000,000. That's why I used the < sign for the upper bound.

Using these signs, I could keep the nice numbers in the inequality.
Intern
Intern
Joined: 20 Jan 2020
Posts: 4
Own Kudos [?]: 15 [2]
Given Kudos: 2
Location: India
Concentration: Entrepreneurship, General Management
Schools: HBS '22
GMAT 1: 800 Q51 V51
GPA: 4
WE:General Management (Consulting)
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
2
Kudos
The reason for not using less than equal to sign in the upper bound is that the upper bound integer would round off to the higher billion/million. For eg: 43,500,000,000 would round off to 44,000,000,000
Intern
Intern
Joined: 12 Aug 2020
Posts: 5
Own Kudos [?]: 5 [0]
Given Kudos: 8
Location: Spain
GMAT 1: 710 Q48 V40
WE:Operations (Energy and Utilities)
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
ZoltanBP
gmatt1476
A country's per capita national debt is its national debt divided by its population. Is the per capita national debt of Country G within $5 of $500 ?

(1) Country G's national debt to the nearest $1,000,000,000 is $43,000,000,000.
(2) Country G's population to the nearest 1,000,000 is 86,000,000.

DS19350.01

Let D be the debt and let P be the population. The original question: Is \(495\leq \frac{D}{P}\leq 505\) ?

1) We know that \(42{,}500{,}000{,}000\leq D<43{,}500{,}000{,}000\), but no information is given about the population. Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

2) We know that \(85{,}500{,}000\leq P<86{,}500{,}000\), but no information is given about the debt. Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

1&2) First, we check whether the maximum possible value for D/P meets the upper bound condition in the original question.

Is \(\frac{435{,}000}{855}\leq 505\) ? To answer the question, we should use multiplication rather than division.

Since (855)(505)=431,775 is not greater than 435,000 , the maximum possible value for D/P is greater than the upper bound in the original question.

Then, we check whether the minimum possible value for D/P meets the upper bound condition in the original question. It's important that we check the upper bound condition, not the lower bound condition. Imagine that it could meet the lower bound condition with or without meeting the upper bound condition.

Is \(\frac{425{,}000}{865}\leq 505\) ?

Since (865)(505)=436,825 is greater than 425,000 , the minimum possible value for D/P is not greater than the upper bound in the original question.

Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

Answer: E

Hi Zoltan,

Why do you check whether the lowest possible value for D/P meets the upper bound condition instead of the lower bound? I agree with your statement "the minimum possible value for D/P is not greater than the upper bound in the original question" but, I don't see how this means we can't get a definite answer to the original question. I'm not saying your answer is incorrect, I own a GMAT Official Advanced Questions and I know the answer is most definitely E. I was looking for another method to answer the question different from the one in the book because I think it entails too many unnecessary calculations and I thought yours was a neat and efficient approach but I don't understand that specific part. In the GMAT Off AQ answer explanation it actually proves that the lowest possible value is under the lower bound and that the highest possible value is over the upper bound.

Thanks in advance.

oe
Senior Moderator - Masters Forum
Joined: 19 Jan 2020
Posts: 3127
Own Kudos [?]: 2842 [2]
Given Kudos: 1511
Location: India
GPA: 4
WE:Analyst (Internet and New Media)
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
2
Kudos
oe9917
ZoltanBP
gmatt1476
A country's per capita national debt is its national debt divided by its population. Is the per capita national debt of Country G within $5 of $500 ?

(1) Country G's national debt to the nearest $1,000,000,000 is $43,000,000,000.
(2) Country G's population to the nearest 1,000,000 is 86,000,000.

DS19350.01

Let D be the debt and let P be the population. The original question: Is \(495\leq \frac{D}{P}\leq 505\) ?

1) We know that \(42{,}500{,}000{,}000\leq D<43{,}500{,}000{,}000\), but no information is given about the population. Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

2) We know that \(85{,}500{,}000\leq P<86{,}500{,}000\), but no information is given about the debt. Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

1&2) First, we check whether the maximum possible value for D/P meets the upper bound condition in the original question.

Is \(\frac{435{,}000}{855}\leq 505\) ? To answer the question, we should use multiplication rather than division.

Since (855)(505)=431,775 is not greater than 435,000 , the maximum possible value for D/P is greater than the upper bound in the original question.

Then, we check whether the minimum possible value for D/P meets the upper bound condition in the original question. It's important that we check the upper bound condition, not the lower bound condition. Imagine that it could meet the lower bound condition with or without meeting the upper bound condition.

Is \(\frac{425{,}000}{865}\leq 505\) ?

Since (865)(505)=436,825 is greater than 425,000 , the minimum possible value for D/P is not greater than the upper bound in the original question.

Thus, we can't get a definite answer to the original question. \(\implies\) Insufficient

Answer: E

Hi Zoltan,

Why do you check whether the lowest possible value for D/P meets the upper bound condition instead of the lower bound? I agree with your statement "the minimum possible value for D/P is not greater than the upper bound in the original question" but, I don't see how this means we can't get a definite answer to the original question. I'm not saying your answer is incorrect, I own a GMAT Official Advanced Questions and I know the answer is most definitely E. I was looking for another method to answer the question different from the one in the book because I think it entails too many unnecessary calculations and I thought yours was a neat and efficient approach but I don't understand that specific part. In the GMAT Off AQ answer explanation it actually proves that the lowest possible value is under the lower bound and that the highest possible value is over the upper bound.

Thanks in advance.

oe
The only reason we can't have definite answer is because
The Answer ranges from around 491<X<508.
We only need answer range till 495≤x≤505
Whereas the answer can take more than 1 value,
On ending note, We don't have to check whether the answer is possible or not. We have check whether only the said answer is possible or not.

Posted from my mobile device
Intern
Intern
Joined: 19 Jan 2020
Posts: 10
Own Kudos [?]: 23 [2]
Given Kudos: 13
Send PM
A country's per capita national debt is its national debt divided by [#permalink]
2
Kudos
This cannot be done in 2 minutes. What is the best approach to do this type of question if encounter in GMAT.please suggest

Posted from my mobile device
VP
VP
Joined: 09 Mar 2016
Posts: 1138
Own Kudos [?]: 1038 [1]
Given Kudos: 3851
Send PM
A country's per capita national debt is its national debt divided by [#permalink]
1
Kudos
chetan2u ,
VeritasKarishma

hey there :)

I picked E, just want to make sure my reasoning is correct

I didnt quite understood expression "within $5 of $500" though i interpreted is as 5/500 which is 0.01 so per capita

ST 1. (1) Country G's national debt to the nearest billion

I didn`t make any calculations here, just my thought process was that if number is rounded to the nearest 1 billion than number could vary substantially whereas 5/500 is tiny number compared to billion and when rounding to billion the range of national debt compared that of rounded one can vary substantially

So same reasoning is applied to the second statement :grin:

Is my reasoning correct ? :) perhaps partially :lol:

yashikaaggarwal whats wrong with my post :? :) letters look strange :lol: can you pls format it so it look decent :grin:
Manager
Manager
Joined: 12 Apr 2020
Posts: 81
Own Kudos [?]: 18 [1]
Given Kudos: 104
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
1
Kudos
GMATGuruNY
gmatt1476
A country's per capita national debt is its national debt divided by its population. Is the per capita national debt of Country G within $5 of $500 ?

(1) Country G's national debt to the nearest $1,000,000,000 is $43,000,000,000.
(2) Country G's population to the nearest 1,000,000 is 86,000,000.

To make the math easier, let's ignore the last six 0's in each statement, as follows:
1. Country G's national debt to the nearest $1,000 is $43,000
2. Country G's population to the nearest integer is 86

Each statement on its own is clearly insufficient.

Statements combined:
Case 1: National debt = 43,000 and population = 86
Per capita debt \(= \frac{43,000}{86} = 500\)
In this case, the answer to the question stem is YES.

The question stem will be NO if the per capita debt exceeds 505.
Since \(\frac{43,000}{86} = 500\), \(\frac{43,000}{86} + \frac{5.1*86}{86} = 500 + 5.1 = 505.1\)

Case 2: National debt = 43,000 + 5.1*86 = 43,438.6 and population = 86
As shown in the blue statement above, per capita debt = 505.1
In this case, the answer to the question stem is NO.

Since the answer is YES In Case 1 but NO in Case 2, the two statements combined are INSUFFICIENT.



Hi

Can you explain how did you get that 5.1? And why do we multiply it with 86? I know we are trying to decode the range but can you explain it clearer. Thank you.
Tutor
Joined: 04 Aug 2010
Posts: 1333
Own Kudos [?]: 3304 [3]
Given Kudos: 9
Schools:Dartmouth College
Send PM
A country's per capita national debt is its national debt divided by [#permalink]
2
Kudos
1
Bookmarks
Expert Reply
ishanliberhan
Hi

Can you explain how did you get that 5.1? And why do we multiply it with 86? I know we are trying to decode the range but can you explain it clearer. Thank you.


Question: Is the per capita debt within $5 of $500?

Case 1:
When the national debt = 43,000 and the population = 86, the per capita debt = \(\frac{43,000}{86}\) = 500, so the answer to the question stem is YES.

Since Case 1 yields an answer of YES, the goal in Case 2 is to get an answer of NO.
The answer to the question stem will be NO if the per capita debt exceeds 505.
Thus, the goal in Case 2 is to yield the following per capita debt:
500 + 5.1

To yield the value in green, I chose to change only the numerator in the blue fraction above, while retaining the denominator of 86.
\(\frac{86}{86} = 1\)
Thus, \(5.1 = 5.1 * \frac{86}{86} = \frac{5.1*86}{86}\)

Since \(500 = \frac{43,000}{86}\) and \(5.1 = \frac{5.1*86}{86}\), we get:
\(505.1 = \frac{43,000}{86} +\frac{ 5.1*86}{86} = \frac{43,438.6}{86}\)

The result in Case 2 is a numerator -- and thus a national debt -- that satisfies the rounding condition in Statement 1.
Case 2: National debt = 43,438.6, population = 86, per capita debt \(= \frac{43,438.6}{86} = 505.1\)
In this case, the per capita debt exceeds $505, so the answer to the question stem is NO.
Manager
Manager
Joined: 16 Jul 2018
Posts: 213
Own Kudos [?]: 69 [0]
Given Kudos: 261
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
Hello GMATGuruNY,

I was wondering whether you could help me on this one,
I have seen posts that examine various cases to answer the question and calculate those cases so I was wondering whether my approach has a flaw that I'm not aware of.

What I did, was to divide 43.000/86=500 we want to see whether the value is 5<x<500 , so basically if we add even a single unit to 43.000 (43.001) then x>500 so the answer is NO, but if we add even a single value to 500(501) then x<500 so the answer is YES , thus the answer is E , so is the above approach ok or is there something that I'm missing?
Tutor
Joined: 04 Aug 2010
Posts: 1333
Own Kudos [?]: 3304 [2]
Given Kudos: 9
Schools:Dartmouth College
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
2
Kudos
Expert Reply
UNSTOPPABLE12
Hello GMATGuruNY,

I was wondering whether you could help me on this one,
I have seen posts that examine various cases to answer the question and calculate those cases so I was wondering whether my approach has a flaw that I'm not aware of.

What I did, was to divide 43.000/86=500 we want to see whether the value is 5<x<500 , so basically if we add even a single unit to 43.000 (43.001) then x>500 so the answer is NO, but if we add even a single value to 500(501) then x<500 so the answer is YES , thus the answer is E , so is the above approach ok or is there something that I'm missing?

The expression in red -- which represents a value between 5 and 500 -- leads me to believe that you have misinterpreted the question stem.
Question stem:
Is the per capita national debt of Country G within $5 of $500?
WITHIN $5 OF $500 does not mean BETWEEN 5 AND 500.
within $5 of $500 means that the difference between the per capita debt and 500 is less than or equal to 5.
In terms of math:
495 ≤ per capita debt ≤ 505
Senior Manager
Senior Manager
Joined: 13 Mar 2021
Posts: 330
Own Kudos [?]: 106 [1]
Given Kudos: 226
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
1
Kudos
Let's see...

43000/86 = 500, a good start.

Now if we minimize the numerator and maximize the denominator, we get infinitely close to 42500/86,5.

86,5 * 500 = 43 250
86,5 * 495 = 43 250 - 86,5*5 = ~42 820

This should imply that the extreme case of 42 500/86,5 would give us a per capita debt of less than 495. We can conclude that the per capita debt may or may not fall within 5$ of 500$.

Answer: E
Senior Manager
Senior Manager
Joined: 11 May 2021
Posts: 316
Own Kudos [?]: 148 [0]
Given Kudos: 523
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
This is a high quality question by GMAC
Director
Director
Joined: 09 Jan 2020
Posts: 949
Own Kudos [?]: 239 [2]
Given Kudos: 432
Location: United States
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
2
Kudos
A country's per capita national debt is its national debt divided by its population.

Clearly each statement alone is not sufficient.

Combined:

We can ignore the last six zero's in the national debt and the population.

\(\frac{43,000 }{ 86}\) = 500

Now, we can either adjust the national debt or the population. However, it's easier to adjust the national debt in this situation and leave the denominator as 86.

The national debt is between 42,500 and 43,500.

43,500 is 500 more than 43,000. We can simply divide 500 by 86:

\(\frac{500}{86}\) > 5

We have a yes and no case -- the answer is E.
Manager
Manager
Joined: 19 Jan 2018
Posts: 239
Own Kudos [?]: 519 [0]
Given Kudos: 86
Location: India
Send PM
Re: A country's per capita national debt is its national debt divided by [#permalink]
GMATGuruNY
UNSTOPPABLE12
Hello GMATGuruNY,

I was wondering whether you could help me on this one,
I have seen posts that examine various cases to answer the question and calculate those cases so I was wondering whether my approach has a flaw that I'm not aware of.

What I did, was to divide 43.000/86=500 we want to see whether the value is 5<x<500 , so basically if we add even a single unit to 43.000 (43.001) then x>500 so the answer is NO, but if we add even a single value to 500(501) then x<500 so the answer is YES , thus the answer is E , so is the above approach ok or is there something that I'm missing?
The expression in red -- which represents a value between 5 and 500 -- leads me to believe that you have misinterpreted the question stem.
Question stem:
Is the per capita national debt of Country G within $5 of $500?
WITHIN $5 OF $500 does not mean BETWEEN 5 AND 500.
within $5 of $500 means that the difference between the per capita debt and 500 is less than or equal to 5.
In terms of math:
495 ≤ per capita debt ≤ 505
­
Hi GMATGuruNY Just wanted to understand whether i understood the question and terminologies correctly..


Country G within $5 of $500  means = 495 < Value < 505 (no equality sign, as question says ''within'' ), right?

(1) Country G's national debt to the nearest $1,000 is $43,000 : It means  42500 ≤ Value < 43500?
(2) Country G's population to the nearest 1 is 86: Similarly, it means 85.5≤ VALUE < 86.5? 
Tutor
Joined: 04 Aug 2010
Posts: 1333
Own Kudos [?]: 3304 [0]
Given Kudos: 9
Schools:Dartmouth College
Send PM
A country's per capita national debt is its national debt divided by [#permalink]
Expert Reply
ashutosh_73
 Just wanted to understand whether i understood the question and terminologies correctly..

Country G within $5 of $500  means = 495 < Value < 505 (no equality sign, as question says ''within'' ), right?
According to the explanation in the OG, the question asks whether the following inequality is true:
\(495 ≤ \frac{debt}{population} ≤ 505\)
Given this explanation, we can infer that -- on the GMAT Focus -- within $5 of 500 means between 495 and 505, inclusive.
Quote:
  (1) Country G's national debt to the nearest $1,000 is $43,000 : It means  42500 ≤ Value < 43500?
(2) Country G's population to the nearest 1 is 86: Similarly, it means 85.5≤ VALUE < 86.5? 
Correct!­
GMAT Club Bot
A country's per capita national debt is its national debt divided by [#permalink]
Moderator:
Math Expert
95451 posts