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To answer your question, I would say that the Economist GMAT Practices test is modeled after the actual GMAT. That said, no GMAT coaching company can perfect the GMAT scoring algorithm as does the GMAT Prep official tests. Therefore, I would advise you to take a GMAT Prep test to gauge your abilities. However, a GMAT practice score of 470 says that your concepts are still not clear and hence you'd need to put in a lot of study time. All the best.