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.
Apr 2301:30 AM EDT
-02:30 AM EDT
Struggling with GMAT Verbal as a non-native speaker? Harsh improved his score from 595 to 695 in just 45 days—and scored a 99 %ile in Verbal (V88)! Learn how smart strategy, clarity, and guided prep helped him gain 100 points.
Apr 2212:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
30 Sep 2020, 00:49
Kudos
Bookmarks
The product with the greatest Average Annual % Change (2006–2011) is the same as the product with the greatest total percentage increase over the entire period.: True
Over the entire six-year period, the percentage increase in exports by dollar value for the non-animal products listed (Rice, Wheat, Nuts, Corn, Coffee, Sugar) in the table exceeds that of the animal products listed (Eggs, Processed meats, Live animals, Dairy, Pork, Poultry, Beef).: True
If the dollar value of sugar exports remained constant for the five years after 2011, while all other products continued to grow at their respective average annual percentage rates (as given in the last column), the dollar value of exactly two products would surpass that of sugar exports by 2016.: False
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
36% (03:39) correct
64%
(03:38)
wrong
based on 389
sessions
History
Date
Time
Result
Not Attempted Yet
The table shows the dollar value (in millions) of selected Brazilian exports by agricultural products over a six-year period from 2006 to 2011.
For each of the following statements, select True if the information in the table accurately supports the statement. Otherwise, select False.
12345.jpg [ 146.67 KiB | Viewed 8753 times ]
| Product | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | Average Annual % Change (2006–2011) |
|---|---|---|---|---|---|---|---|
| Beef | 3,890 | 4,354 | 5,081 | 3,890 | 4,564 | 5,077 | 5 |
| Coffee | 2,953 | 3,405 | 4,168 | 3,791 | 5,204 | 8,026 | 22 |
| Corn | 482 | 1,919 | 1,405 | 1,302 | 2,216 | 2,716 | 41 |
| Dairy | 139 | 274 | 510 | 148 | 132 | 98 | -7 |
| Eggs | 30 | 53 | 95 | 86 | 115 | 110 | 30 |
| Live animals | 89 | 285 | 418 | 471 | 697 | 492 | 41 |
| Nuts | 247 | 294 | 289 | 304 | 3,307 | 345 | 7 |
| Pork | 1,022 | 1,209 | 1,448 | 1,204 | 1,321 | 1,416 | 7 |
| Poultry | 3,472 | 5,019 | 6,921 | 5,700 | 6,691 | 8,073 | 18 |
| Processed meats | 71 | 105 | 152 | 142 | 151 | 161 | 18 |
| Rice | 60 | 53 | 312 | 268 | 163 | 613 | 59 |
| Sugar | 6,167 | 5,101 | 5,483 | 8,378 | 12,762 | 14,942 | 22 |
| Wheat | 64 | 30 | 204 | 63 | 227 | 699 | 61 |
For each of the following statements, select True if the information in the table accurately supports the statement. Otherwise, select False.
Attachment:
12345.jpg [ 146.67 KiB | Viewed 8753 times ]
| True | False | |
| The product with the greatest Average Annual % Change (2006–2011) is the same as the product with the greatest total percentage increase over the entire period. | ||
| Over the entire six-year period, the percentage increase in exports by dollar value for the non-animal products listed (Rice, Wheat, Nuts, Corn, Coffee, Sugar) in the table exceeds that of the animal products listed (Eggs, Processed meats, Live animals, Dairy, Pork, Poultry, Beef). | ||
| If the dollar value of sugar exports remained constant for the five years after 2011, while all other products continued to grow at their respective average annual percentage rates (as given in the last column), the dollar value of exactly two products would surpass that of sugar exports by 2016. |
ShowHide Answer
Official Answer
The product with the greatest Average Annual % Change (2006–2011) is the same as the product with the greatest total percentage increase over the entire period.: True
Over the entire six-year period, the percentage increase in exports by dollar value for the non-animal products listed (Rice, Wheat, Nuts, Corn, Coffee, Sugar) in the table exceeds that of the animal products listed (Eggs, Processed meats, Live animals, Dairy, Pork, Poultry, Beef).: True
If the dollar value of sugar exports remained constant for the five years after 2011, while all other products continued to grow at their respective average annual percentage rates (as given in the last column), the dollar value of exactly two products would surpass that of sugar exports by 2016.: False
24 Nov 2024, 08:02
Kudos
Bookmarks
Bunuel
Official Solution:
Statement 1:
Sorting by Average Annual % Change (2006–2011), we see that the product with the greatest change is Wheat at 61%, with an overall increase from 64 to 699—more than a tenfold increase. The closest competitor is Rice, with an increase from 60 to 613; however, Wheat's increase is still greater. Therefore, this statement is True.
Statement 2:
Sorting by the 2006 data, we can ignore products from Eggs to Nuts because both their 2006 and 2011 figures are relatively low and are unlikely to significantly affect the final comparison. The remaining non-animal products (Corn, Coffee, Sugar) sum up to approximately 9,500 in 2006 and increase to 25,000 in 2011, constituting an increase of about 2.5 times. For the remaining animal products (Pork, Poultry, Beef), the 2006 total is approximately 7,400, increasing to 14,500 in 2011, which is less than a twofold increase. Therefore, this statement is True.
Statement 3:
Sugar in 2011 accounted for slightly less than 15,000. To determine which products could surpass this figure in 5 years, we focus on the largest exports in 2011 with the highest average annual growth rates. There are three potential contenders:
• Poultry: With 8,073 and an average annual growth rate of 18%, it would more than double in 5 years, surpassing 15,000 (Even without compounding, 18% annual growth over 5 years results in a 90% increase, which is sufficient to raise 8,000 to more than 15,000. With compounding, the growth would exceed 100%, meaning 8,000 would grow to over 16,000).
• Coffee: With 8,026 and an average annual growth rate of 22%, it would more than double in 5 years, surpassing 15,000.
• Corn: With 2,716 and an average annual growth rate of 41%, it would grow to \(2,716 * 1.41^5 > 15,000\).
Thus, three products—not two—would surpass sugar exports by 2016. Therefore, this statement is False.
Correct answer:
The product with the greatest Average Annual % Change (2006–2011) is the same as the product with the greatest total percentage increase over the entire period. "True"
Over the entire six-year period, the percentage increase in exports by dollar value for the non-animal products listed (Rice, Wheat, Nuts, Corn, Coffee, Sugar) in the table exceeds that of the animal products listed (Eggs, Processed meats, Live animals, Dairy, Pork, Poultry, Beef). "True"
If the dollar value of sugar exports remained constant for the five years after 2011, while all other products continued to grow at their respective average annual percentage rates (as given in the last column), the dollar value of exactly two products would surpass that of sugar exports by 2016. "False"
Attachment:
GMAT-Club-Forum-ql7acimk.png [ 60.65 KiB | Viewed 2535 times ]
24 Nov 2024, 09:53
Kudos
Bookmarks
1. The question asks us to check whether the following statements are supported by the table.
2. The product with the greatest Average Annual % Change (2006–2011) is the same as the product with the greatest total percentage increase over the entire period. Wheat has the largest average annual % change with 61%. Over the entire period, it goes from 64 to 699, which is more than 10 times larger. Such a factor can only be seen in rice. Wheat has a \(100 * \frac{699 - 64}{64} \approx 992\%\) total percentage increase while Rice has a \(100 * \frac{613 - 60}{60} \approx 922\%\) total percentage increase. So, this statement is supported by the table.
3. Over the entire six-year period, the percentage increase in exports by dollar value for the non-animal products listed (Rice, Wheat, Nuts, Corn, Coffee, Sugar) in the table exceeds that of the animal products listed (Eggs, Processed meats, Live animals, Dairy, Pork, Poultry, Beef). To compare the two groups we need to sum up their values for 2006 and 2011. For non-animal products it goes from 9973 to 27341, which is a \(100 * \frac{27341 - 9973}{9973} = 174\%\) total increase. For animal products it goes from 8713 to 15427, which is a \(100 * \frac{15427 - 8713}{8713} = 77\%\) total increase. So, this statement is supported by the table.
4. If the dollar value of sugar exports remained constant for the five years after 2011, while all other products continued to grow at their respective average annual percentage rates (as given in the last column), the dollar value of exactly two products would surpass that of sugar exports by 2016. An annual percentage rate of around 20% multiplies the sum by 2.5 times, so, Poultry and Coffee work. Beef and Pork can be crossed out since their rates are too small, however, Corn could work. Anything lower changes with a rate of around or less than 60%. Over 5 years, this is around 10 times more, which clearly isn't enough. Now let's check the possible contenders:
- Poultry: \(8073 * (1.18)^5 \approx 18469\).
- Coffee: \(8026 * (1.22)^5 \approx 21692\).
- Corn: \(2716 * (1.41)^5 \approx 15136\).
All of the products surpass the value of sugar exports (14942). However, this is more than 2. So, this statement isn't supported by the table.
2. The product with the greatest Average Annual % Change (2006–2011) is the same as the product with the greatest total percentage increase over the entire period. Wheat has the largest average annual % change with 61%. Over the entire period, it goes from 64 to 699, which is more than 10 times larger. Such a factor can only be seen in rice. Wheat has a \(100 * \frac{699 - 64}{64} \approx 992\%\) total percentage increase while Rice has a \(100 * \frac{613 - 60}{60} \approx 922\%\) total percentage increase. So, this statement is supported by the table.
3. Over the entire six-year period, the percentage increase in exports by dollar value for the non-animal products listed (Rice, Wheat, Nuts, Corn, Coffee, Sugar) in the table exceeds that of the animal products listed (Eggs, Processed meats, Live animals, Dairy, Pork, Poultry, Beef). To compare the two groups we need to sum up their values for 2006 and 2011. For non-animal products it goes from 9973 to 27341, which is a \(100 * \frac{27341 - 9973}{9973} = 174\%\) total increase. For animal products it goes from 8713 to 15427, which is a \(100 * \frac{15427 - 8713}{8713} = 77\%\) total increase. So, this statement is supported by the table.
4. If the dollar value of sugar exports remained constant for the five years after 2011, while all other products continued to grow at their respective average annual percentage rates (as given in the last column), the dollar value of exactly two products would surpass that of sugar exports by 2016. An annual percentage rate of around 20% multiplies the sum by 2.5 times, so, Poultry and Coffee work. Beef and Pork can be crossed out since their rates are too small, however, Corn could work. Anything lower changes with a rate of around or less than 60%. Over 5 years, this is around 10 times more, which clearly isn't enough. Now let's check the possible contenders:
- Poultry: \(8073 * (1.18)^5 \approx 18469\).
- Coffee: \(8026 * (1.22)^5 \approx 21692\).
- Corn: \(2716 * (1.41)^5 \approx 15136\).
All of the products surpass the value of sugar exports (14942). However, this is more than 2. So, this statement isn't supported by the table.
