It is currently 25 Feb 2018, 19:54

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Just looking at rising wages without looking at the corresponding

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Manager
Manager
User avatar
G
Joined: 30 Jan 2017
Posts: 86
Location: India
Schools: ISB '19
GMAT 1: 630 Q47 V29
GMAT 2: 660 Q47 V34
GMAT 3: 730 Q49 V40
GPA: 3.9
Just looking at rising wages without looking at the corresponding [#permalink]

Show Tags

New post 21 Aug 2017, 09:58
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

67% (01:29) correct 33% (01:02) wrong based on 48 sessions

HideShow timer Statistics

Just looking at rising wages without looking at the corresponding rise in inflation can give a very misleading picture that the state of general population is improving. While wages may be rising, higher costs over the past year for things such as rent, transportation, medical care and gasoline are claiming a bigger share of their paychecks.

If the statements above are true, which of the following can be inferred based on them?

a. There are people who despite experiencing rising wages are not better off because they are paying more for essentials such as rent, transportation, and medical care.
b. The state of general population does not improve when there is a rise in wages because of increases in rent, transportation, and medical care etc.
c. Most people who have experienced rising wages are paying correspondingly more for rent, transportation, medical care, and gasoline.
d. While those who have experienced rising wages are paying more for essentials such as rent, and medical care, others are paying about the same or less for these essentials.
e. The rise in wage is partly caused by increases in rent, prices for medical care, gasoline and transportation.
[Reveal] Spoiler: OA
Director
Director
User avatar
P
Joined: 28 Mar 2017
Posts: 898
CAT Tests
Re: Just looking at rising wages without looking at the corresponding [#permalink]

Show Tags

New post 21 Aug 2017, 11:24
Just looking at rising wages without looking at the corresponding rise in inflation can give a very misleading picture that the state of general population is improving. While wages may be rising, higher costs over the past year for things such as rent, transportation, medical care and gasoline are claiming a bigger share of their paychecks.

If the statements above are true, which of the following can be inferred based on them?

a. There are people who despite experiencing rising wages are not better off because they are paying more for essentials such as rent, transportation, and medical care. -Correct. Even if there is an increase in wage, the condition of some people won't improve because of the corresponding increase in rent. transportation etc.
b. The state of general population does not improve when there is a rise in wages because of increases in rent, transportation, and medical care etc. -The argument doesn't tell that wages are increasing because of rent etc. It's just saying that if the wages increase and correspondingly rent etc. also increase then it doesn't mean that the state of general public is improving.
c. Most people who have experienced rising wages are paying correspondingly more for rent, transportation, medical care, and gasoline. -Irrelevant
d. While those who have experienced rising wages are paying more for essentials such as rent, and medical care, others are paying about the same or less for these essentials. -Irrelevant
e. The rise in wage is partly caused by increases in rent, prices for medical care, gasoline and transportation. -The cause of increase in wages is not given in the question.
_________________

Kudos if my post helps!

Helpful links:
1. Useful Formulae, Concepts and Tricks-Quant
2. e-GMAT's ALL SC Compilation
3. LSAT RC compilation
4. Actual LSAT CR collection by Broal
5. QOTD RC (Carcass)
6. Challange OG RC

Re: Just looking at rising wages without looking at the corresponding   [#permalink] 21 Aug 2017, 11:24
Display posts from previous: Sort by

Just looking at rising wages without looking at the corresponding

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: GMATNinjaTwo, GMATNinja



GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.