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The media claim that the economy is entering a phase of growth and pro

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

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New post 23 Feb 2015, 18:23
3
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A
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C
D
E

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This question is part of the GMAT Club Critical Reasoning : Assumption" Revision Project.

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?

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

• Economic growth cannot be measured in terms of productivity.

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

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

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

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

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New post 29 Mar 2015, 18:54
5
The conclusion of the argument is that the media are wrong in saying that the
economy is entering a phase of growth and prosperity. The basis for that claim is
that the number of people filing for bankruptcy has increased every month for the
last six months and that bankruptcy lawyers are busier than they have been in
years. In order for this argument to be valid, however, the author has to assume
that the increase in the number of bankruptcies is a result of the state of the
economy and not the result of something unrelated.

(A) This statement does not have to be true for the claim that the media are
wrong about the economy to hold. Even if unemployment rates are useful
indicators of growth and prosperity, the media could still be wrong about the
economy (e.g., if there are other indicators that show problems in other areas).

(B) This does not have to be true for the conclusion to hold. Productivity could
be a good measure of economic growth, but the media could still be wrong about
the economy (e.g., if there are other indicators that show problems in other
areas).

(C) CORRECT. This has to be true for the conclusion to hold. If legislation has
recently been passed that makes it easier to obtain bankruptcy, then the
evidence cited would be less relevant. The increased number of bankruptcies
could have been the result of the easier process rather than of a poor economy.

(D) This does not have to be true for the conclusion to hold. An increase in the
number of bankruptcy lawyers would not explain the increase in the number of
bankruptcy filings.

(E) This does not have to be true for the claim that the media are wrong about
the economy to hold. Even if the media did not often misrepresent the current
state of economic affairs, the argument that the media are wrong might still hold.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post Updated on: 23 Feb 2015, 23:10
According to me option C is correct.

Kindly post the OE

Originally posted by DesiGmat on 23 Feb 2015, 21:30.
Last edited by DesiGmat on 23 Feb 2015, 23:10, edited 1 time in total.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 23 Feb 2015, 22:57
Here the gap in the argument is that the author assumes that bankruptcy can only happen because of unemployment. However if somehow obtaining legal bankruptcy becomes easy the authors conclusion does not hold.
Hence it should be C.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 08 Feb 2016, 02:38
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.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 08 Feb 2016, 06:01
My pick is C.. OA plz..


C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 08 Feb 2016, 07:01
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Completely agree with anurag16

Negate option (C)

Legislation has recently been passed to make legal bankruptcy easier to obtain.

Result -

1. Number of people filing for bankruptcy has increased
2. Bankruptcy lawyers report that they are busier than before

The arguement falls apart, hence correct answer is definitely (C)
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 06 Mar 2016, 19:44
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souvik101990 wrote:
This question is part of the GMAT Club Critical Reasoning : Assumption" Revision Project.

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?

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

• Economic growth cannot be measured in terms of productivity.

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

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

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


tough assumption question..
E can be eliminated right away...
D - looks like a strengthener..negated - more lawyers..and lawyers are busier than before - so looks ok...
C - if legislation has been easier to obtain - more people would file for bankruptcy - and thus the conclusion is not true. people file for bankruptcy not because the economy is bad, but because they can - for ex. to avoid paying loans/taxes/etc. so C is better than D...
B and A - well..we are given these 2 in the argument...UR + increased productivity -> sign that economy is ok..
B - measuring the productivity - irrelevant..
A - tough one..

went with C in the end...
3 possible answer choices...wow..
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 23 Jun 2017, 21:07
ones can use the strategy in boldface question to solve this question.
1/ the media: because unemployment rate and increased productivity, economy grows
2/ main argument: lawyer busier and more people file bankruptcy, so economy does not grow
=> eliminate A,B,E
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 25 Jun 2017, 07:18
Merged topics. Please, search before posting questions!
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 26 Jun 2017, 05:00
Imo C
To bridge the gap between the reason given fort the false claims of the media we have to ensure that the increase in bankruptcy was due to poor economy .
So keeping that in mind we have to search for options which does this.
Option C mentions that it did not become easy to obtain bankruptcy .
So the increase in bankruptcy was due to poor economy.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 21 Feb 2018, 14:59
I have spent a whole day thinking on this question.
I agreed with answer (C) but I also thought that answers A, B and even E are true.
First let me divide the premises and conclusion in the question:
Premise 1: The media claim that the economy is growing simply by pointing out that employment rate is going down and productivity is going up.
Then we have immediate conclusion: What media say about economy is wrong.
why??
Premise 2: because the number of people filing for bankruptcy is increasing and bankruptcy lawyers are busier than ever.

OK?
Now we have the answer A to E.
Lets eliminate answer choice D in the first place because it is completely irrelevant.
Now answer choices A and B are similar. One of them is talking about unemployment rate as an indicator and the other is mentioning productivity.
the conclusion says what the media is saying about the economy is wrong. We may think that the author point to some factors such as unemployment rate or productivity and if we choose answers A or B, then we can say the media is wrong about the economy and the conclusion holds true. but look at premise number two. What the author is saying after he says media is wrong is that bankruptcy cases is increasing. Then he must assume that due to the increasing number of bankruptcy cases, media is wrong and nothing else.

To my mind, the very difficult point of the question lies in here. We should pay attention to premise number 2 and not premise number 1.

Answer choice E is a restatement of the conclusion.
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Re: The media claim that the economy is entering a phase of growth and pro  [#permalink]

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New post 22 Feb 2018, 01:00
i feel that
it is effective to criticize argument before we answer assumption, flaw, weaken, strengthen and evaluate questions. think about how to attack argument before going to answe choices.

in what condition the argument fall apart. if we know this condition, we can answer most cr problems.

it is possible that the condition you prethink is different from the condition in the correct answer, but by prethinking criticization help you realize the correct answer among answer choices easily.
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Re: The media claim that the economy is entering a phase of growth and pro &nbs [#permalink] 22 Feb 2018, 01:00
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