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06 Jul 2020, 07:50
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
49% (02:23) correct
51%
(02:35)
wrong
based on 237
sessions
History
Date
Time
Result
Not Attempted Yet
Currently, the supply of office buildings in this state far exceeds demand, while demand for singlefamily housing far exceeds supply. As a result, real estate developers have curtailed office building construction until demand meets supply and have stepped up construction of singlefamily housing. The state legislature recently enacted a law eliminating a state income tax on corporations whose primary place of business is this state. In response, many large private employers from other states have already begun to relocate to this state and, according to a reliable study, this trend will continue during the next five years.
Which of the following predictions is best supported by the information above?
(A) During the next five years, fewer new office buildings than single-family houses will be constructed in the state.
(B) Five years from now, the available supply of single-family housing in the state will exceed demand.
(C) Five years from now, the per capita income of the state’s residents will exceed current levels.
(D) During the next five years, the cost of purchasing new singlefamily residential housing will decrease.
(E) During the next five years, the number of state residents working at home as opposed to working in office buildings will decrease.
Which of the following predictions is best supported by the information above?
(A) During the next five years, fewer new office buildings than single-family houses will be constructed in the state.
(B) Five years from now, the available supply of single-family housing in the state will exceed demand.
(C) Five years from now, the per capita income of the state’s residents will exceed current levels.
(D) During the next five years, the cost of purchasing new singlefamily residential housing will decrease.
(E) During the next five years, the number of state residents working at home as opposed to working in office buildings will decrease.
Source: Master GMAT
06 Jul 2020, 08:08
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(A) During the next five years, fewer new office buildings than single-family houses will be constructed in the state.
Correct.
As currently the corporations supply exceeds demand ,even though new corporation are coming to this state we will suffice the need of offices. Even if new office construction is required it will be less than housing constructions.
(B) Five years from now, the available supply of single-family housing in the state will exceed demand.
Incorrect.
We are not quite sure of this .May be due to relocation of people we will need more housing ,may be not!
(C) Five years from now, the per capita income of the state’s residents will exceed current levels.
Incorrect.
This depends on the business that corporation brings with them.
Nothing as such is mentioned in the passage.
(D) During the next five years, the cost of purchasing new single family residential housing will decrease.
Incorrect.
Nothing about the prices is mentioned in the passage.
(E) During the next five years, the number of state residents working at home as opposed to working in office buildings will decrease.
Incorrrect.
May be, may be not.
We don't have enough information about it.
Correct.
As currently the corporations supply exceeds demand ,even though new corporation are coming to this state we will suffice the need of offices. Even if new office construction is required it will be less than housing constructions.
(B) Five years from now, the available supply of single-family housing in the state will exceed demand.
Incorrect.
We are not quite sure of this .May be due to relocation of people we will need more housing ,may be not!
(C) Five years from now, the per capita income of the state’s residents will exceed current levels.
Incorrect.
This depends on the business that corporation brings with them.
Nothing as such is mentioned in the passage.
(D) During the next five years, the cost of purchasing new single family residential housing will decrease.
Incorrect.
Nothing about the prices is mentioned in the passage.
(E) During the next five years, the number of state residents working at home as opposed to working in office buildings will decrease.
Incorrrect.
May be, may be not.
We don't have enough information about it.
06 Jul 2020, 08:53
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Answer D IMO
Builders have curtailed office construction till demand meets supply. So new legislation can help this cause.
Builders have started focusing on Single family homes instead. So Supply of single family homes will increase. In turn the price will go down because supply will start meeting demand.
Posted from my mobile device
Builders have curtailed office construction till demand meets supply. So new legislation can help this cause.
Builders have started focusing on Single family homes instead. So Supply of single family homes will increase. In turn the price will go down because supply will start meeting demand.
Posted from my mobile device
