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Finance Minister: Last year was disastrous for our manufacturing secto

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Finance Minister: Last year was disastrous for our manufacturing secto [#permalink] New post   14 Feb 2021, 23:12
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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.

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Re: Finance Minister: Last year was disastrous for our manufacturing secto [#permalink] New post   08 Apr 2021, 01:41
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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.
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Re: Finance Minister: Last year was disastrous for our manufacturing secto [#permalink] New post   14 Nov 2024, 02:40
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Re: Finance Minister: Last year was disastrous for our manufacturing secto [#permalink]
14 Nov 2024, 02:40
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