Last visit was: 21 Nov 2024, 14:09 It is currently 21 Nov 2024, 14:09

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.

Close

Request Expert Reply

Confirm Cancel
SORT BY:
Date
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36336 [7]
Given Kudos: 25927
Send PM
avatar
Manager
Manager
Joined: 23 Jan 2016
Posts: 133
Own Kudos [?]: 211 [0]
Given Kudos: 0
Send PM
avatar
Intern
Intern
Joined: 09 Mar 2016
Posts: 32
Own Kudos [?]: 18 [0]
Given Kudos: 0
Send PM
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36336 [0]
Given Kudos: 25927
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
2
Expert Reply
OE

Quote:
This Reading Comprehension question is really a Logic question. Such questions typically consist of a single paragraph with one question. First, analyze the argument: During a depression, it is normal for food prices to increase at the same time that incomes decrease. Logically, this would make it more difficult for people to afford the same food that they used to purchase prior to the depression. A study showed a surprising result, however: when the cost of bread went up during a depression, the poorest people actually bought more bread. Note that the argument doesn’t say merely that more money is spent on bread; that would be expected if the price increased. The argument says that the actual amount of bread purchased increased. The correct answer will explain why people would buy more bread even though the cost has gone up and incomes have declined. While choice (A) is likely true in the real world, it does not explain why people buy more bread when the cost of bread has increased and incomes have declined. Choice (B) is an example of faulty logic. It is true that the cost increase is a higher percentage than the consumption increase, but this does not mean that people are consuming less bread and therefore need to eat other things to compensate. In fact, the opposite is true: the argument explicitly states that people are buying more bread than they were! Choice (C) is tempting because it talks about people spending a “larger” proportion of income on food— but “proportion” is a value relative only to the person’s income level. It does not indicate that the person is spending more money on a particular thing. More importantly, though, this choice does not answer the question asked. Correct choice (D), in contrast, provides a reason why an increase in the cost of one food item might cause people to consume more of that item despite a loss of income: other food items are even more expensive and are, thus, much less affordable. The people still need some amount of food to survive, so they purchase more of the food item that does not cost as much money. This accounts for the researchers’ findings. Even if choice (E) were true (and this would be difficult if incomes are decreasing), it would not explain why people buy more bread at a time when the bread costs more and incomes are declining.
avatar
Intern
Intern
Joined: 24 Oct 2017
Posts: 36
Own Kudos [?]: 17 [0]
Given Kudos: 0
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
1
is D the correct answer?
avatar
Intern
Intern
Joined: 26 Jun 2018
Posts: 3
Own Kudos [?]: 1 [0]
Given Kudos: 0
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
Correct answer: D
avatar
Intern
Intern
Joined: 07 Jun 2018
Posts: 29
Own Kudos [?]: 8 [0]
Given Kudos: 0
GRE 1: Q155 V165
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
explanation Please
avatar
Intern
Intern
Joined: 30 Jun 2018
Posts: 13
Own Kudos [?]: 10 [0]
Given Kudos: 0
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
1
Ranjan wrote:
explanation Please

Economic depression -> so less income.
Cost of bread increased, but low socioeconomic class increased bread consumption
To resolve this situation: some expenditure should decrease and expense on bread increase;
Option D: money spent on costly food went down and money spent on bread (wheat grains) went up.
avatar
Intern
Intern
Joined: 14 Jul 2018
Posts: 33
Own Kudos [?]: 22 [0]
Given Kudos: 0
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
1
(A) Does not explain researcher's findings

(B) Does not explain researcher's findings

(C) When incomes decrease, people are typically forced to spend a larger proportion of their income on basic needs, such as food and housing; too broad: one can conceive that a price of meat could increase and demand for them too, but not necessarily bread.

(D) People who suddenly cannot afford more expensive foods, such as meat, must compensate by consuming more inexpensive foods, such as grains. this is more specific than the option C , thus, this is the correct answer

(E) During a depression, people in the lowest socioeconomic class will continue to spend the same amount of money on food as they did before the depression began. One does not know how they spend - on bread or other good.
avatar
Intern
Intern
Joined: 05 Mar 2020
Posts: 1
Own Kudos [?]: 0 [0]
Given Kudos: 0
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
If anyone has the GMAT as a point of reference, this would be really helpful to gain insight on - how similar, would you say, these question types are to the GMAT's Verbal Critical Reasoning questions?
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36336 [0]
Given Kudos: 25927
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
Expert Reply
The CR in both exams is identical.

They test the same concepts, they have the same architecture to write and test your critical thinking.

Hope now is more clear
User avatar
SVP
SVP
Joined: 07 Jan 2021
Posts: 1722
Own Kudos [?]: 53 [0]
Given Kudos: 0
Send PM
Re: QOTD # 1 During an economic depression, it is common [#permalink]
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
Re: QOTD # 1 During an economic depression, it is common [#permalink]
Moderators:
GRE Forum Moderator
37 posts
GRE Instructor
234 posts
GRE Instructor
1065 posts

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