It is currently 25 Feb 2018, 01:52

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

Last year the rate of inflation was 1.2 percent, but for the current ye

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Manager
Manager
avatar
Joined: 30 May 2013
Posts: 186
Location: India
Concentration: Entrepreneurship, General Management
GPA: 3.82
GMAT ToolKit User
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 18 Apr 2014, 06:53
PUNEETSCHDV wrote:
Last year the rate of inflation was 1.2 percent, but for the current year it has been 4 percent. We can conclude that inflation is on an upward trend and the rate will be still higher next year.
Which of the following, if true, most seriously weakens the conclusion above?
(A) The inflation figures were computed on the basis of a representative sample of economic data rather than all of the available data.
(B) Last year a dip in oil prices brought inflation temporarily below its recent stable annual level of 4 percent.
(C) Increases in the pay of some workers are tied to the level of inflation, and at an inflation rate of 4 percent or above, these pay raises constitute a force causing further inflation.
(D) The 1.2 percent rate of inflation last year represented a ten-year low.
(E) Government intervention cannot affect the rate of inflation to any significant degree.



I will try explaining this one!!!!

Conclusion: inflation is on an upward trend and the rate will be still higher next year.

Assumption: Inflation will always have a pattern
There are no unusual things happened to say that inflation rate will change

(A) The inflation figures were computed on the basis of a representative sample of economic data rather than all of the available data. - Irrelevant information
(B) Last year a dip in oil prices brought inflation temporarily below its recent stable annual level of 4 percent. - Weakener Says that Last year dip in Oil price brought the inflation down to 1.2 from stable point of 4. So same stable inflation point will be maintained unless there is no unusual dip in oil price, or....
(C) Increases in the pay of some workers are tied to the level of inflation, and at an inflation rate of 4 percent or above, these pay raises constitute a force causing further inflation. - No point to say there will be increase in the Pay next year
(D) The 1.2 percent rate of inflation last year represented a ten-year low. - irrelevant - 10 years low inflation says nothing about the next year rate of inflation
(E) Government intervention cannot affect the rate of inflation to any significant degree - Again this has nothing to do with the next year inflation rate

Correct me if i am wrong.
1 KUDOS received
Current Student
User avatar
Joined: 25 Sep 2012
Posts: 281
Location: India
Concentration: Strategy, Marketing
GMAT 1: 660 Q49 V31
GMAT 2: 680 Q48 V34
GMAT ToolKit User Reviews Badge
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 27 Apr 2014, 23:03
1
This post received
KUDOS
This is OG13 Question 32.
OA is B
Current Student
User avatar
Joined: 20 Jan 2014
Posts: 175
Location: India
Concentration: Technology, Marketing
GMAT ToolKit User
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 24 Sep 2014, 02:59
D is the correct answer.

If 1.2 % is 10 year low then may be 4% is still less than that year before last or same as that of year before last.
_________________

Consider +1 Kudos Please :)

Non-Human User
User avatar
Joined: 01 Oct 2013
Posts: 10340
Premium Member
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 21 Sep 2015, 10:09
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Non-Human User
User avatar
Joined: 01 Oct 2013
Posts: 10340
Premium Member
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 05 Feb 2016, 08:25
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Senior Manager
Senior Manager
User avatar
Joined: 11 Nov 2014
Posts: 355
Location: India
Concentration: Finance, International Business
WE: Project Management (Telecommunications)
GMAT ToolKit User Premium Member
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 23 Jul 2016, 06:00
(B)Last year a dip in oil prices brought inflation temporarily below its recent stable annual level of 4 percent.
(D)The 1.2 percent rate of inflation last year represented a 10-year low.

Both options talk about last year
stating annual in B, is what makes the option more accurate than D?
Also, in B, we cannot say its upward trend - staying at 4% is not upward trend
Intern
Intern
avatar
Joined: 25 Jun 2016
Posts: 3
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 02 Sep 2016, 19:50
A, since 4% is average rate. rate will depend next year on set of samples. B is not as 1.2 to 4 is not a jump. 1.2 was due to global reason.
SVP
SVP
avatar
P
Joined: 12 Dec 2016
Posts: 1922
Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64
GMAT ToolKit User Premium Member
Re: Last year the rate of inflation was 1.2 percent, but for the current ye [#permalink]

Show Tags

New post 15 May 2017, 00:09
(A) The inflation figures were computed on the basis of a representative sample of economic data rather than all of the available data. -> strengthen the argument
(B) Last year a dip in oil prices brought inflation temporarily below its recent stable annual level of 4 percent.
(C) Increases in the pay of some workers are tied to the level of inflation, and at an inflation rate of 4 percent or above, these pay raises constitute a force causing further inflation. -> out of scope
(D) The 1.2 percent rate of inflation last year represented a ten-year low. -> strengthen
(E) Government intervention cannot affect the rate of inflation to any significant degree. -> out of scope
Re: Last year the rate of inflation was 1.2 percent, but for the current ye   [#permalink] 15 May 2017, 00:09

Go to page   Previous    1   2   [ 28 posts ] 

Display posts from previous: Sort by

Last year the rate of inflation was 1.2 percent, but for the current ye

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


cron

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®.