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GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod

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GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 02:03
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Question 1
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Citing the fact that the real gross domestic product (GDP) per capita was higher in 1997 than ever before, some journalists have argued that the United States economy performed ideally in 1997. However, the real GDP is almost always higher than ever before; it falls only during recessions. One point these journalists overlooked is that in 1997, as in the twenty-four years immediately preceding it, the real GDP per capita grew nearly one-half percent a year more slowly than it had on average between 1873 and 1973. Were the 1997 economy as robust as claimed, the growth rate of real GDP per capita in 1997 would have surpassed the average growth rate of real GDP per capita between 1873 and 1973 because over fifty percent of the population worked for wages in 1997 whereas only forty percent worked for wages between 1873 and 1973. If the growth rate of labor productivity (output per hour of goods and services) in 1997 had equaled its average growth rate between 1873 and 1973 of more than two percent, then, given the proportionately larger workforce that existed in 1997, real GDP per capita in 1997 would have been higher than it actually was, since output is a major factor in GDP. However, because labor productivity grew by only one percent in 1997, real GDP per capita grew more slowly in 1997 than it had on average between 1873 and 1973.
1. The passage is primarily concerned with

(A) comparing various measures used to assess the performance of the United States economy in 1997
(B) providing evidence that the performance of the United States economy in 1997 was similar to its performance between 1873 and 1973
(C) evaluating an argument concerning the performance of the United States economy in1997
(D) examining the consequences of a popular misconception about the performance of the United States economy in 1997
(E) supporting an assertion made by journalists about the performance of the United States economy in 1997

2. According to the passage, which of the following is true of the average rate at which real GDP per capita grew in the twenty-four years immediately before 1997?

(A) It was less than it had been between 1873 and 1973 because only forty percent of the population worked for wages between 1873 and 1973.
(B) It was less than it had been between 1873 and 1973 because labor productivity grew less between 1973 and 1997 than it had between 1873 and 1973.
(C) It was less than it had been between 1873 and 1973 as a result of an increase in the percentage of the population earning wages during these years.
(D) It was less than the average rate at which real GDP per capita grew between 1873 and 1973.
(E) It was less than the rate at which real GDP per capita grew in 1997.

3. It can be inferred from the passage that which of the following is the reason that the author faults the journalists referred to in highlight text?

(A) They believe that the real GDP per capita in 1997 was higher than the real GDP per capita had ever been before.
(B) They argue that the rate at which real GDP per capita grew in 1997 was faster than the average rate at which it had grown between 1873 and 1973.
(C) They overestimate the effect of labor productivity on the real GDP per capita in 1997.
(D) They overestimate the amount by which real GDP per capita in 1997 surpassed real GDP per capita in earlier years.
(E) They fail to consider the real GDP per capita in 1997 within an appropriate historical context.

4. The author of the passage asserts that "the real GDP is almost always higher than ever before" (see highlighted text) most probably in order to

(A) show that a fact cited in support of a claim is inaccurate
(B) show that a fact cited in support of a claim actually contradicts the claim
(C) show that a fact cited in support of a claim does not prove the claim
(D) explain why a fact cited in support of a claim is relevant to the claim
(E) explain how the proponent of a claim selected a fact cited in support of the claim

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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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Updated on: 13 Aug 2014, 20:27
3
1

1. The passage is primarily concerned with
A. comparing various measures used to assess the performance of the United States economy in 1997
B. providing evidence that the performance of the United States economy in 1997 was similar to its performance between 1873 and 1973
C. evaluating an argument concerning the performance of the United States economy in1997
D. examining the consequences of a popular misconception about the performance of the United States economy in 1997
E. supporting an assertion made by journalists about the performance of the United States economy in 1997

The is Opinonated passage...It basically talks about why Journalist feeling that Economy did well is not correct because it the economy was doing really well then the economy should have grown faster than it did in the period from 1873-1973...

A,B,E are ruled out by Initially reading..
There is no examining of misconception...the passage just talks why the economy had to do really well because of better prevailing conditions than in given period

Ans C
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Originally posted by WoundedTiger on 12 Aug 2014, 02:16.
Last edited by PiyushK on 13 Aug 2014, 20:27, edited 1 time in total.
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 03:03
According to the passage, which of the following is true of the average rate at which real GDP per capita grew in the twenty-four years immediately before 1997?
A. It was less than it had been between 1873 and 1973 because only forty percent of the population worked for wages between 1873 and 1973.
B. It was less than it had been between 1873 and 1973 because labor productivity grew less between 1973 and 1997 than it had between 1873 and 1973.
C. It was less than it had been between 1873 and 1973 as a result of an increase in the percentage of the population earning wages during these years.
D. It was less than the average rate at which real GDP per capita grew between 1873 and 1973.
E. It was less than the rate at which real GDP per capita grew in 1997.

According to the passage means something stated very clearly in the passage...We just need to go back to the passage and see where the subject of Average rate of GDP is discussed

A ruled out because the passage says avg. growth rate should have been more because of more% population was working for wages
B.Wrong period of 1973 to 1997 is looked at
C. No....Avg. rate should have been more and not less
E. The economy grew as it always does barring recession...There is no mention of the avg rate at which the economy grew from 1873 to 1997...But we do know that Economy grew 1.5% slowly in 1997 then it grew at Avg rate of 1873 to 1973...
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 03:03
1
Q3.It can be inferred from the passage that which of the following is the reason that the author faults the journalists referred to in highlight text?
Inferred means it is not very clearly stated in the passage but it is something that we can make out from the passage...

A.They believe that the real GDP per capita in 1997 was higher than the real GDP per capita had ever been before-----> Real GDP in value is high and is not disputed.
B. They argue that the rate at which real GDP per capita grew in 1997 was faster than the average rate at which it had grown between 1873 and 1973.-----> There is no argument but the author points out his opinion
C. They overestimate the effect of labor productivity on the real GDP per capita in 1997.-----> Not really...The idea of LP is put forward by author to say why Real GPD growth should be higher than earlier period.
D. They overestimate the amount by which real GDP per capita in 1997 surpassed real GDP per capita in earlier years.---->What Passage says is Real GDP is more than but there is no over estimation
E. They fail to consider the real GDP per capita in 1997 within an appropriate historical context.----> The author intends to point out that Real GDP is always more barring recession but what matters is whether the growth rate is more or not....

Ans is E
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 03:05
4. The author of the passage asserts that "the real GDP is almost always higher than ever before" (see highlighted text) most probably in order to
A. show that a fact cited in support of a claim is inaccurate
B. show that a fact cited in support of a claim actually contradicts the claim
C. show that a fact cited in support of a claim does not prove the claim
D. explain why a fact cited in support of a claim is relevant to the claim
E. explain how the proponent of a claim selected a fact cited in support of the claim

A...Because the Journalists say that Real GDP is higher so Economy did well..Wheres as Author feels this is always the case barring recession so this is no proof that Economy did well...
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 03:49
2
My 2 cents..
Regards.
Time taken 8 mins.
1. The passage is primarily concerned with
C. evaluating an argument concerning the performance of the United States economy in1997
First the main point of argument is introduced and then the rest of the para explains that with historical data.
"However, the real GDP is almost always higher than ever before; it falls only during recessions. One point these journalists overlooked is that in 1997 ,as in the twenty-four years immediately preceding it, the real GDP per capita grew"

2. According to the passage, which of the following is true of the average rate at which real GDP per capita grew in the twenty-four years immediately before 1997?
D. It was less than the average rate at which real GDP per capita grew between 1873 and 1973.
"in the twenty-four years immediately preceding it, the real GDP per capita grew nearly one-half percent a year more slowly than it had on average between 1873 and 1973"

3. It can be inferred from the passage that which of the following is the reason that the author faults the journalists referred to in highlight text?
E. They fail to consider the real GDP per capita in 1997 within an appropriate historical context.
"One point these journalists overlooked is that in 1997 ,as in the twenty-four years immediately preceding it, the real GDP per capita grew"

4. The author of the passage asserts that "the real GDP is almost always higher than ever before" (see highlighted text) most probably in order to
C. show that a fact cited in support of a claim does not prove the claim
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 06:07
1
I would really like to know the OA of Question 3. Can we have the OAs pls!
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 07:11
Nice effort. Thanks for the participation.

OAs are Updated.
CDEC
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 07:20
PiyushK wrote:
Nice effort. Thanks for the participation.

OAs are Updated.
CDEC

Thanks to you PiyushK for the initiative.I appreciate.
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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12 Aug 2014, 07:24
3
[box_out]
Citing the fact that the real gross domestic product (GDP) per capita was higher in 1997 than ever before, some journalistshave argued that the United States economy performed ideally in 1997. However, the real GDP is almost always higher than ever before; it falls only during recessions. One point these journalists overlooked is that in 1997, as in the twenty-four years immediately preceding it, the real GDP per capita grew nearly one-half percent a year more slowly than it had on average between 1873 and 1973. Were the 1997 economy as robust as claimed, the growth rate of real GDP per capita in 1997 would have surpassed the average growth rate of real GDP per capita between 1873 and 1973 because over fifty percent of the population worked for wages in 1997 whereas only forty percent worked for wages between 1873 and 1973. If the growth rate of labor productivity (output per hour of goods and services) in 1997 had equaled its average growth rate between 1873 and 1973 of more than two percent, then, given the proportionately larger workforce that existed in 1997, real GDP per capita in 1997 would have been higher than it actually was, since output is a major factor in GDP. However, because labor productivity grew by only one percent in 1997, real GDP per capita grew more slowly in 1997 than it had on average between 1873 and 1973.
[box_in]

1. The passage is primarily concerned with
A. comparing various measures used to assess the performance of the United States economy in 1997
B. providing evidence that the performance of the United States economy in 1997 was similar to its performance between 1873 and 1973
C. evaluating an argument concerning the performance of the United States economy in1997
D. examining the consequences of a popular misconception about the performance of the United States economy in 1997
E. supporting an assertion made by journalists about the performance of the United States economy in 1997

2. According to the passage, which of the following is true of the average rate at which real GDP per capita grew in the twenty-four years immediately before 1997?
A. It was less than it had been between 1873 and 1973 because only forty percent of the population worked for wages between 1873 and 1973.
B. It was less than it had been between 1873 and 1973 because labor productivity grew less between 1973 and 1997 than it had between 1873 and 1973.
C. It was less than it had been between 1873 and 1973 as a result of an increase in the percentage of the population earning wages during these years.
D. It was less than the average rate at which real GDP per capita grew between 1873 and 1973.
E. It was less than the rate at which real GDP per capita grew in 1997.

3. It can be inferred from the passage that which of the following is the reason that the author faults the journalists referred to in highlight text?
A. They believe that the real GDP per capita in 1997 was higher than the real GDP per capita had ever been before.
B. They argue that the rate at which real GDP per capita grew in 1997 was faster than the average rate at which it had grown between 1873 and 1973.
C. They overestimate the effect of labor productivity on the real GDP per capita in 1997.
D. They overestimate the amount by which real GDP per capita in 1997 surpassed real GDP per capita in earlier years.
E. They fail to consider the real GDP per capita in 1997 within an appropriate historical context.

4. The author of the passage asserts that "the real GDP is almost always higher than ever before" (see highlighted text) most probably in order to
A. show that a fact cited in support of a claim is inaccurate
B. show that a fact cited in support of a claim actually contradicts the claim
C. show that a fact cited in support of a claim does not prove the claim
D. explain why a fact cited in support of a claim is relevant to the claim
E. explain how the proponent of a claim selected a fact cited in support of the claim
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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13 Aug 2014, 04:33
my take in 8 min 24 sec
1 C
2 D
3 E
4 C
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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13 Aug 2014, 19:48
9 min approx don't remember my timing.
C D E C
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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25 Nov 2014, 21:27
Time taken : 12:01
1. C
2. D
3. A-->incorrect
4. C
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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27 Mar 2016, 01:43
10 minutes 9 seconds
all correct!!
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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10 May 2016, 08:57
Time Taken : 13 min ,1 Incorrect , spent lot of time on Q2.My answers were :
1C
2C
3E
4C

Thanks for posting such good question. Would really appreciate if someone can share tips on how to fig out primary passage and also drastically improve RC overall , given that I have exam scheduled in next 3 months. Thanks in advance for your kind help

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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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24 May 2016, 19:27
My take:

Time = 7'21''
1C
2B (wrong!) - was struggle between B&D, overlooked the word "average" in the sentence
3E
4C
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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24 May 2016, 19:29
megha_2709 wrote:
Time Taken : 13 min ,1 Incorrect , spent lot of time on Q2.My answers were :
1C
2C
3E
4C

Thanks for posting such good question. Would really appreciate if someone can share tips on how to fig out primary passage and also drastically improve RC overall , given that I have exam scheduled in next 3 months. Thanks in advance for your kind help

Regards
Megha

Actually there are many methods to increase your RC that have been discussing in this forum. You can always try them out.
Nevertheless, I tried and failed some and I'm currently practicing Speed Reading with RC, and I find it very useful - maybe you can try to see if it fits you or not

Good luck!
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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16 Aug 2016, 01:21
Total time is 8 mins 50 seconds , including 2 mins 10 seconds to read the passage .
-The author presents a claim made by some journalists about the GDP of the United States in 1997
- The author then evaluates whether the claim is a valid claim or not

1 . evaluating an argument concerning the performance of the United States economy in 1997

2. “the real GDP per capita grew nearly one-half percent a year more slowly than it had on average between 1873 and 1973"
The above excerpt exactly matches option (D) and is hence correct.

3.
“ However, the real GDP is almost always higher than ever before; it falls only during recessions. One point these journalists overlooked is that in 1997, as in the twenty-four years immediately preceding it, the real GDP per capita grew nearly one-half percent a year more slowly than it had on average between 1873 and 1973"

The above shows that the journalists failed to consider the real GDP per capita in 1997 within a historical context. Hence option (E) is the right answer choice.

4. C. show that a fact cited in support of a claim does not prove the claim
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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25 Oct 2016, 00:11
Time taken : 8 mins. All correct.
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Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod  [#permalink]

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29 Oct 2016, 08:35
2
1
12 min taken Lot of time spent on initial reading.
2/4 correct.
1 C
2 D
3 E (Incorrect)
4 A (Incorrect)

I choose option A. This wrong because it is just restating what journalist said. So this is not and inference (a possible answer could be a paraphrased option about what journalist states

E. Is correct because it is telling use that Journalist failed to consider historical evidence about US economy.
"Some journalists have argued that the United States economy performed ideally in 1997. However, the real GDP is almost always higher than ever before; it falls only during recessions. One point these journalists overlooked is that in 1997, as in the twenty-four years immediately preceding it...."
Then provides another point that why Journalist overlooked in the past between 1874 - 1974.

Q4) The author of the passage asserts that "the real GDP is almost always higher than ever before" (see highlighted text) most probably in order to
A. show that a fact cited in support of a claim is inaccurate. Incorrect
In fact the author of the passage never contradicts the the Journalists' fact that in 1997, the real GDP was higher than before. He confirms that indeed the real GDP is almost always higher than ever before. So that fact in support of the claim that the US economy was stronger than ever is actually accuarate.

C. show that a fact cited in support of a claim does not prove the claim. Correct!.
By providing historical evidence, the author of the passage shows that the fact cited by journalists is irrelevant and doesn't prove the claim.

I got stuck between A and C; finally choose A, but I was wrong. As stated above, I know now the reasons.

Thanks

Rumi
Re: GMATPREP ChallengeQ-Citing the fact that the real gross domestic prod &nbs [#permalink] 29 Oct 2016, 08:35

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