Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Mar 2911:30 AM EDT
-12:30 PM EDT
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and more.
Mar 3005:30 AM PDT
-07:30 AM PDT
We know Strengthen and Weaken questions account for more than 50% of the CR questions on the GMAT. With CR becoming even more important on GMAT Focus, it's time you strengthen your weaknesses with an approach that improves your solving time and accuracy!
Mar 3011:00 AM IST
-01:00 PM IST
Attend this session to evaluate your current skill level, learn process skills, and solve through tough Arithmetic questions.
Mar 3110:00 AM EDT
-11:59 PM EDT
The Target Test Prep team has recently introduced TTP OnDemand GMAT, a 400-hour live masterclass video course created by Scott Woodbury-Stewart, founder and CEO of Target Test Prep.
Apr 0308:00 PM PDT
-09:00 PM PDT
Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations!
01 Apr 2020, 01:09
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
(hard)
Question Stats:
56% (02:22) correct
44%
(02:41)
wrong
based on 762
sessions
History
Date
Time
Result
Not Attempted Yet
The widespread staff reductions in a certain region’s economy are said to be causing people who still have their jobs to cut back on new purchases as though they, too, had become economically distressed. Clearly, however, actual spending by such people is undiminished, because there has been no unusual increase in the amount of money held by those people in savings accounts.
Which one of the following is an assumption on which the argument relies?
(A) If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
(B) People in the region who continue to be employed and who have relatives who have lost their jobs commonly assist those relatives financially.
(C) If people in the region who have lost jobs get new jobs, the new jobs generally pay less well than the ones they lost.
(D) People in the region who continue to be employed are pessimistic about their prospects for increasing their incomes.
(E) There exist no statistics about sales of goods in the region as a whole.
Krishh9119
Joined: 10 Mar 2017
Last visit: 25 Apr 2021
Posts: 43
Given Kudos: 191
Location: India
Concentration: Finance, International Business
Schools: W.P. Carey '23
GPA: 4
WE:Information Technology (Consulting)
01 Apr 2020, 06:18
Kudos
Bookmarks
Conclusion:Actual spending by such people is undiminished.
Premise 1:There has been no unusual increase in the amount of money held by those people in savings accounts.
Fact:The widespread staff reductions in a certain region’s economy are said to be causing people who still have their jobs to cut back on new purchases as though they, too, had become economically distressed.
Analysis: We need to find the gap that will help us reach the conclusion from Premise.
no unusual increase in money in savings accounts -->>actual spending by such people is undiminished ( No decrease in people's spending behavior).
Which one of the following is an assumption on which the argument relies?Question Type: Assumption
(A) If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
Clearly, If this sentence is false, then our argument falls apart.
We can test this by Negation technique.
If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
Negate:If people in the region who continue to be employed have debts, they are now paying them off at an accelerated rate.
This option clearly tells us that the reason the balance in account of people is not diminished even though they spend less is because of the debt payments .
Option B,C,D,E are out of context or unrelated.
Premise 1:There has been no unusual increase in the amount of money held by those people in savings accounts.
Fact:The widespread staff reductions in a certain region’s economy are said to be causing people who still have their jobs to cut back on new purchases as though they, too, had become economically distressed.
Analysis: We need to find the gap that will help us reach the conclusion from Premise.
no unusual increase in money in savings accounts -->>actual spending by such people is undiminished ( No decrease in people's spending behavior).
Which one of the following is an assumption on which the argument relies?Question Type: Assumption
(A) If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
Clearly, If this sentence is false, then our argument falls apart.
We can test this by Negation technique.
If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
Negate:If people in the region who continue to be employed have debts, they are now paying them off at an accelerated rate.
This option clearly tells us that the reason the balance in account of people is not diminished even though they spend less is because of the debt payments .
Option B,C,D,E are out of context or unrelated.
General Discussion
01 Apr 2020, 05:35
Kudos
Bookmarks
Quote:
The widespread staff reductions in a certain region’s economy are said to be causing people who still have their jobs to cut back on new purchases as though they, too, had become economically distressed. Clearly, however, actual spending by such people is undiminished, because there has been no unusual increase in the amount of money held by those people in savings accounts.
Which one of the following is an assumption on which the argument relies?
(A) If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
(B) People in the region who continue to be employed and who have relatives who have lost their jobs commonly assist those relatives financially.
(C) If people in the region who have lost jobs get new jobs, the new jobs generally pay less well than the ones they lost.
(D) People in the region who continue to be employed are pessimistic about their prospects for increasing their incomes.
(E) There exist no statistics about sales of goods in the region as a whole.
Which one of the following is an assumption on which the argument relies?
(A) If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
(B) People in the region who continue to be employed and who have relatives who have lost their jobs commonly assist those relatives financially.
(C) If people in the region who have lost jobs get new jobs, the new jobs generally pay less well than the ones they lost.
(D) People in the region who continue to be employed are pessimistic about their prospects for increasing their incomes.
(E) There exist no statistics about sales of goods in the region as a whole.
argument
= staff reductions are said to cause those employed to cut spending
= but, clearly those employed did not cut spending
= because, their savings didnt increase
assumption
Ans (A) if employed are not paying their debts, then they must be spending - because if they were then the argument falls.
