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The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.
Which one of the following can be properly inferred from the facts given above?
  • a)
    The total amount of federal, state, and local taxes paid now is less than the amount paid ten years ago
  • b)
    On average, people now have a better standard of living than they did ten years ago
  • c)
    The average taxpayer keeps a greater percentage of income for his own use than he did ten years ago
  • d)
    Federal, state, and local governments have reduced the level of services they offer to constituents
  • e)
    Inefficiency and fraud have been reduced in government services
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The questions below are based on the reasoning contained in brief sta...
If the various levels of government collect a smaller share of the GNP through taxes, then the average taxpayer keeps a larger share. The answer is (C). Be careful of choice (A): it commits an error by failing to distinguish between percentage and amount. While the percentage share of taxes has decreased, the overall amount of tax revenue could have increased if the GNP is larger than it was ten years ago. The other choices can not be logically inferred from the passage. Each choice offers a possible cause or effect of the tax reduction, but none of these must occur.
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The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer?
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The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer?.
Solutions for The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
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Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The questions below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage. Ten years ago, the total share of federal, state, and local taxes was 23 percent of the nation’s Gross National Product. Now, that share has decreased to 21 percent.Which one of the following can be properly inferred from the facts given above?a) The total amount of federal, state, and local taxes paid now is less than the amount paid ten years agob) On average, people now have a better standard of living than they did ten years agoc) The average taxpayer keeps a greater percentage of income for his own use than he did ten years agod) Federal, state, and local governments have reduced the level of services they offer to constituentse) Inefficiency and fraud have been reduced in government servicesCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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