Last visit was: 15 Nov 2024, 20:28 It is currently 15 Nov 2024, 20:28
Decision Tracker
My Rewards
New comers' posts
New posts
Unanswered

Close

GRE Prep 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 GRE 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.

Go to My Error Log Learn more
Close

Request Expert Reply

Confirm Cancel
PREVIOUS TOPIC
NEXT TOPIC

Finance Minister: Last year was disastrous for our manufacturing secto

SORT BY:
Date
Kudos
Tags :
Find Similar Topics  About  Add a Tag

Show Tags
Hide Tags

User avatar
D
GeminiHeat
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Own Kudos [?]: 3610 [7]
Given Kudos: 1053
GPA: 3.39
Send PM
Finance Minister: Last year was disastrous for our manufacturing secto [#permalink] New post   14 Feb 2021, 23:12
Expert Reply
7
Bookmarks
Question 1
00:00

Question Stats:

45% (01:41) correct 55% (02:02) wrong based on 56 sessions

Hide Show timer Statistics

Finance Minister: Last year was disastrous for our manufacturing sector, which has traditionally contributed about 75% of our national budget. It is therefore encouraging that there is evidence that the IT sector is growing stronger. Taxes from the IT sector accounted for 15% of our national budget, up from 8% last year.

On the basis of the statements above, what best supports the above conclusion?

A. The increase in taxes from the IT sector could have merely been the result of new laws imposed on the IT sector.

B. The profits of the IT sector remained at a steady level despite the fact that it paid more taxes to the national government.

C. The rise in the percentage of taxes that the IT sector contributed to the national government was insignificant in actual dollar terms.

D. It is difficult to determine whether the jump from 8-15% tax contribution by the IT sector will be ongoing.

E. The information given above does not fairly compare the contribution of taxes paid by different industries to the national government.

ShowHide Answer Question #1
Official Answer
B
User avatar
D
Carcass
Verbal Expert
Joined: 18 Apr 2015
Posts: 29961
Own Kudos [?]: 36241 [2]
Given Kudos: 25909
Send PM
Re: Finance Minister: Last year was disastrous for our manufacturing secto [#permalink] New post   08 Apr 2021, 01:41
2
Expert Reply
Premise:
1.Manufacturing sector is suffering a decline, for taxes contributing to national budget declined.
2. Taxes from IT sector to the percentage of national budget increase from 8% to 15%.

Conclusion:
Taxes budget to national increase => IT section is growing much stronger

We need find an argument to support the conclusion. Before going to answer choices, what I have in mind is : profits of IT sector must NOT decrease. If it sacrifice profits to pay more taxes, it wouldn't indicate the IT sector is going stronger. it's just the IT now pays more taxes.

A) weaken the conclusion. It indicates the increased percentage is merely just new laws. Not for the reason that IT is growing strong.
B) Correct. If profits did not decrease or remained steadily, meaning IT sector did not sacrifice its profit to contribute on taxes. Hence, it strengthens the conclusion that IT is growing stronger.
C) weaken the conclusion. Indicating that percentage doesn’t necessarily equal actual dollar.
D) irrelevant. whether IT will be continued to grow in the future doesn’t matter.
E) out of scope. Compare IT with other industries.
User avatar
VerbalBot
SVP
SVP
Joined: 07 Jan 2021
Posts: 1688
Own Kudos [?]: 53 [0]
Given Kudos: 0
Send PM
Re: Finance Minister: Last year was disastrous for our manufacturing secto [#permalink] New post   14 Nov 2024, 02:40
Hello from the GRE Prep Club VerbalBot!

Thanks to another GRE Prep 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.
Prep Club for GRE Bot
gmatclubot
Re: Finance Minister: Last year was disastrous for our manufacturing secto [#permalink]
14 Nov 2024, 02:40
Moderators:
bronaugust
GRE Forum Moderator
37 posts
VibhuAnurag
GRE Instructor
234 posts
HarishKumar
GRE Instructor
1065 posts

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

Main navigation

Partners

GRE Resources

www.ets.org/gre | About | Terms and Conditions and Privacy Policy | Prep Club for GRE Rules | Contact