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Recently, some economists have concluded that the major impediment to

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Recently, some economists have concluded that the major impediment to [#permalink]

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Recently, some economists have concluded that the major impediment to job growth in the U.S. is the enormous national debt. While many politicians would like to stimulate job growth by increasing government spending, these economists believe it will have the opposite effect and thus want to cut spending immediately. Historically, when total debt levels exceed 90% of domestic GDP, economic growth falls significantly causing job losses and overall economic malaise. The current U.S. debt is over 96% of GDP, so it is hard to argue the importance of decreasing this percentage and the economists are correct on this point. However, what these economists fail to understand is that cutting spending at this critical juncture would put too much pressure on a fragile economy. In the short term, spending should be left at current levels and revenue should be increased by increasing taxes on wealthy individuals and some corporations. As the economy strengthens, then spending can be decreased with the goal of reducing the debt percentage of GDP to a figure below 90%.

A. The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for that opinion.
B. The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for the author’s conclusion.
C. The first boldfaced portion is an opinion that the author believes is correct; the second boldfaced portion is support for that opinion.
D. The first boldfaced portion is an opinion upon which the author’s conclusion is based; the second boldfaced portion is evidence that contradicts that conclusion.
E. The first boldfaced portion is the author’s conclusion; the second boldfaced portion is support for that conclusion.
[Reveal] Spoiler: OA

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Re: Recently, some economists have concluded that the major impediment to [#permalink]

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gauravraos wrote:
Recently, some economists have concluded that the major impediment to job growth in the U.S. is the enormous national debt. While many politicians would like to stimulate job growth by increasing government spending, these economists believe it will have the opposite effect and thus want to cut spending immediately. Historically, when total debt levels exceed 90% of domestic GDP, economic growth falls significantly causing job losses and overall economic malaise. The current U.S. debt is over 96% of GDP, so it is hard to argue the importance of decreasing this percentage and the economists are correct on this point. However, what these economists fail to understand is that cutting spending at this critical juncture would put too much pressure on a fragile economy. In the short term, spending should be left at current levels and revenue should be increased by increasing taxes on wealthy individuals and some corporations. As the economy strengthens, then spending can be decreased with the goal of reducing the debt percentage of GDP to a figure below 90%.

A. The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for that opinion.
B. The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for the author’s conclusion.
C. The first boldfaced portion is an opinion that the author believes is correct; the second boldfaced portion is support for that opinion.
D. The first boldfaced portion is an opinion upon which the author’s conclusion is based; the second boldfaced portion is evidence that contradicts that conclusion.
E. The first boldfaced portion is the author’s conclusion; the second boldfaced portion is support for that conclusion.


BF1 - Economists' opinion -> Hurdle in job growth is the national debt.
Politicians want to increase spending, BUT economists want to cut spending immediately.
BF2 - When debt >90%, growth falls causing job losses.
BF2 supports BF1.
Current debt at 96%, and author partly agrees that spending needs to be cut.
HOWEVER, cutting spending would have a negative impact on the fragile economy.
Conclusion - Leave spending as it is, and increase revenue. When economy strengthen's decrease spending.

A - Author agrees with BF1. OUT
B - Same. OUT.
C - Keep.
D - Can make do with part 1, but BF2 does not contradict the conclusion. OUT.
E - Neither is the author's conclusion. OUT.

C is the answer.
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Re: Recently, some economists have concluded that the major impediment to [#permalink]

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New post 20 Jul 2017, 03:11
OE:

For any boldfaced question, it is essential that you first understand the complete argument. In this stimulus, it is stated that some economists believe that the enormous debt is the major impediment to job growth. As a result, these economists believe that spending should be cut immediately to reduce the debt. The evidence they give for their argument is that current debt levels are 96% of GDP and when total debt levels exceed 90% of domestic GDP, economic growth falls significantly causing job losses and overall economic malaise. The author of this argument agrees that reducing debt is essential but believes that an immediate reduction of spending would be problematic because the economy is too fragile. His recommendation and conclusion is that spending levels should be left constant in the short term and revenues increased with more taxes. Then, after the economy has recovered, spending should indeed be reduced. In summary, the author agrees with the economists that the major impediment to job growth is the high debt level but disagrees with their short term plan because the economists have not considered the fragile state of the economy. With that understanding of the argument, you must then attack each answer choice to see how the boldfaced sections are described:

(A) The author does not believe that first boldfaced portion is incorrect but rather believes it is correct. He disagrees with their assertion that “spending should be cut immediately” but agrees with this boldfaced portion. While the second boldface portion is described correctly, (A) is incorrect because of the description of the first boldfaced portion.

(B) This answer choice also incorrectly describes the first boldfaced portion. While the second does support the author’s conclusion, (B) contains the same error as (A) with the first boldfaced portion.

(C) The first boldfaced portion is an opinion that the author indeed believes is correct. The second boldfaced portion is the essential premise for that opinion so (C) is correct.

(D) In this choice, it is correct to say for the first boldfaced portion that the author’s conclusion is based on the opinion that the major impediment to job growth in the U.S. is the enormous national debt. However, the second boldfaced portion does not contradict the author’s conclusion but rather supports it so (D) is incorrect

(E) The first boldfaced portion is not the author’s conclusion but rather the opinion of several other economists. The author’s conclusion is given in the last two sentences that are not boldfaced.
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Re: Recently, some economists have concluded that the major impediment to [#permalink]

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New post 23 Jul 2017, 04:41
Recently, some economists have concluded that the major impediment to job growth in the U.S. is the enormous national debt. While many politicians would like to stimulate job growth by increasing government spending, these economists believe it will have the opposite effect and thus want to cut spending immediately. Historically, when total debt levels exceed 90% of domestic GDP, economic growth falls significantly causing job losses and overall economic malaise. The current U.S. debt is over 96% of GDP, so it is hard to argue the importance of decreasing this percentage and the economists are correct on this point. However, what these economists fail to understand is that cutting spending at this critical juncture would put too much pressure on a fragile economy. In the short term, spending should be left at current levels and revenue should be increased by increasing taxes on wealthy individuals and some corporations. As the economy strengthens, then spending can be decreased with the goal of reducing the debt percentage of GDP to a figure below 90%.

A. The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for that opinion. the author is not saying that the first statement is incorrect. OUT
B. The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for the author’s conclusion. the author is not saying that the first statement is incorrect. OUT
C. The first boldfaced portion is an opinion that the author believes is correct; the second boldfaced portion is support for that opinion. Keep/CORRECT
D. The first boldfaced portion is an opinion upon which the author’s conclusion is based; the second boldfaced portion is evidence that contradicts that conclusion. The second statement doesn't contradict. OUT
E. The first boldfaced portion is the author’s conclusion; the second boldfaced portion is support for that conclusion. First statement is not a conclusion. OUT

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Re: Recently, some economists have concluded that the major impediment to [#permalink]

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New post 09 Aug 2017, 12:38
(A) The author does not believe that first boldfaced portion is incorrect but rather believes it is correct. He disagrees with their assertion that “spending should be cut immediately” but agrees with this boldfaced portion. While the second boldface portion is described correctly, (A) is incorrect because of the description of the first boldfaced portion.

(B) This answer choice also incorrectly describes the first boldfaced portion. While the second does support the author’s conclusion, (B) contains the same error as (A) with the first boldfaced portion.

(C) The first boldfaced portion is an opinion that the author indeed believes is correct. The second boldfaced portion is the essential premise for that opinion so (C) is correct.

(D) In this choice, it is correct to say for the first boldfaced portion that the author’s conclusion is based on the opinion that the major impediment to job growth in the U.S. is the enormous national debt. However, the second boldfaced portion does not contradict the author’s conclusion but rather supports it so (D) is incorrect

(E) The first boldfaced portion is not the author’s conclusion but rather the opinion of several other economists. The author’s conclusion is given in the last two sentences that are not boldfaced.

Kudos [?]: 39 [0], given: 179

Re: Recently, some economists have concluded that the major impediment to   [#permalink] 09 Aug 2017, 12:38
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