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23 Sep 2019, 01:28
Kudos
Bookmarks
Hi Experts,
Please explain 1st and 3rd option. I am stuck in this.
1. The Consumer Price Index figure for urban medical care for 2003 was _______ the figure for 2000.
I marked lower than
Correct is Higher than
2. From 1994 to 2003, the Consumer Price Index figure for urban healthcare _______
3. The Consumer Price Index figure for urban healthcare was highest in _______
I marked 1994
Correct is 2003
Kudos assured.
Please help.
Please explain 1st and 3rd option. I am stuck in this.
1. The Consumer Price Index figure for urban medical care for 2003 was _______ the figure for 2000.
I marked lower than
Correct is Higher than
2. From 1994 to 2003, the Consumer Price Index figure for urban healthcare _______
3. The Consumer Price Index figure for urban healthcare was highest in _______
I marked 1994
Correct is 2003
Kudos assured.
Please help.
Attachments
Consumer_Price_Index.png [ 17.86 KiB | Viewed 1067 times ]
23 Sep 2019, 15:01
Kudos
Bookmarks
Hi shweta5,
What is the source of this question? I ask because the 1st and 3rd questions involve the exact same 'quirk' in the information.
The key piece of information in the table is the wording on the 'left side' - it states "percent increase", meaning that EACH year the price increased by a certain percent.
The CPI in 1995 was about 4% higher than it was in 1994...
and the CPI in 1996 was about 3% higher than it was in 1995...
and the CPI in 1997 was about 3% higher than it was in 1996...etc.
In simple terms, the CPI got larger and larger over time, so it was at its highest during the last year in the table (re: 2003). That deduction impacts the answers for both of those questions.
GMAT assassins aren't born, they're made,
Rich
What is the source of this question? I ask because the 1st and 3rd questions involve the exact same 'quirk' in the information.
The key piece of information in the table is the wording on the 'left side' - it states "percent increase", meaning that EACH year the price increased by a certain percent.
The CPI in 1995 was about 4% higher than it was in 1994...
and the CPI in 1996 was about 3% higher than it was in 1995...
and the CPI in 1997 was about 3% higher than it was in 1996...etc.
In simple terms, the CPI got larger and larger over time, so it was at its highest during the last year in the table (re: 2003). That deduction impacts the answers for both of those questions.
GMAT assassins aren't born, they're made,
Rich
23 Sep 2019, 21:15
Kudos
Bookmarks
EMPOWERgmatRichC
Hi shweta5,
What is the source of this question? I ask because the 1st and 3rd questions involve the exact same 'quirk' in the information.
The key piece of information in the table is the wording on the 'left side' - it states "percent increase", meaning that EACH year the price increased by a certain percent.
The CPI in 1995 was about 4% higher than it was in 1994...
and the CPI in 1996 was about 3% higher than it was in 1995...
and the CPI in 1997 was about 3% higher than it was in 1996...etc.
In simple terms, the CPI got larger and larger over time, so it was at its highest during the last year in the table (re: 2003). That deduction impacts the answers for both of those questions.
GMAT assassins aren't born, they're made,
Rich
What is the source of this question? I ask because the 1st and 3rd questions involve the exact same 'quirk' in the information.
The key piece of information in the table is the wording on the 'left side' - it states "percent increase", meaning that EACH year the price increased by a certain percent.
The CPI in 1995 was about 4% higher than it was in 1994...
and the CPI in 1996 was about 3% higher than it was in 1995...
and the CPI in 1997 was about 3% higher than it was in 1996...etc.
In simple terms, the CPI got larger and larger over time, so it was at its highest during the last year in the table (re: 2003). That deduction impacts the answers for both of those questions.
GMAT assassins aren't born, they're made,
Rich
Hi Rich,
The question is from the Veritas Test.
I didn't understand how CPI is more than 4% higher than it was in 1994.
However in the graph 1994's percent change was 5, whereas percent change in 1994 was 4, so 1995 percent age was less than 1994.
Likewise, in 1996 it was 3 and in 1995 in 4. So, I understand there is a decreasing pattern
So, how can 2003 be the highest.
Please tell me where I am wrong.
Thanks.
