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Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.
The government’s claim is based on which of the following assumption?
- a)A significant number of the jobs that have been created are comparable to or better than an average job.
- b)Most of the jobs that have been created through this program will last 5 years or more.
- c)People employed through this program are doing work that will help the Gross exports of the nation.
- d)The excessive money spent to create these jobs will not raise the inflation in the country.
- e)All jobs are created equal with similar pay and benefits.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Last year, the US government spent $500B on enhancing employment, lead...
To evaluate the government's claim about the payback on the investment being less than 3 years, let's consider the information provided:
- The government spent $500 billion on enhancing employment, resulting in the creation of 10 million jobs.
- An average job in the US saves the government $10,000 in social security benefits and provides $15,000 in taxes.
The government's claim suggests that the cumulative benefits from these jobs will exceed the initial investment of $500 billion within a timeframe of less than 3 years. This claim is based on the following reasoning:
If a significant number of the jobs created are comparable to or better than an average job, it means that these jobs would generate similar or higher benefits to what is described as an average job. In this scenario, the average job saves the government $10,000 in social security benefits and provides $15,000 in taxes.
Therefore, if a significant portion of the 10 million jobs created can be assumed to have similar benefits as the average job, the cumulative benefits from these jobs would be substantial. Consequently, it is possible for the cumulative benefits to exceed the initial investment of $500 billion within a period of less than 3 years.
This assumption is critical because if a majority of the jobs created do not meet the criteria of being comparable to or better than an average job, their benefits may be lower than those used in the government's calculations. In such a case, the payback period may be longer than 3 years or may not be achieved at all.
Therefore, the government's claim about the payback on the investment being less than 3 years is based on the assumption that a significant number of the jobs created are comparable to or better than an average job.
Most Upvoted Answer
Last year, the US government spent $500B on enhancing employment, lead...
To evaluate the government's claim about the payback on the investment being less than 3 years, let's consider the information provided:
- The government spent $500 billion on enhancing employment, resulting in the creation of 10 million jobs.
- An average job in the US saves the government $10,000 in social security benefits and provides $15,000 in taxes.
The government's claim suggests that the cumulative benefits from these jobs will exceed the initial investment of $500 billion within a timeframe of less than 3 years. This claim is based on the following reasoning:
If a significant number of the jobs created are comparable to or better than an average job, it means that these jobs would generate similar or higher benefits to what is described as an average job. In this scenario, the average job saves the government $10,000 in social security benefits and provides $15,000 in taxes.
Therefore, if a significant portion of the 10 million jobs created can be assumed to have similar benefits as the average job, the cumulative benefits from these jobs would be substantial. Consequently, it is possible for the cumulative benefits to exceed the initial investment of $500 billion within a period of less than 3 years.
This assumption is critical because if a majority of the jobs created do not meet the criteria of being comparable to or better than an average job, their benefits may be lower than those used in the government's calculations. In such a case, the payback period may be longer than 3 years or may not be achieved at all.
Therefore, the government's claim about the payback on the investment being less than 3 years is based on the assumption that a significant number of the jobs created are comparable to or better than an average job.
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Community Answer
Last year, the US government spent $500B on enhancing employment, lead...
Calculates the payback period by dividing the total investment by the annual savings generated.
Total investment = $500B
Annual savings = 10M jobs * ($10K social security benefits + $15K taxes) = $250B
Payback period = Total investment / Annual savings = $500B / $250B = 2 years
Therefore, the government claims that the payback on the investment would be less than 3 years.
Total investment = $500B
Annual savings = 10M jobs * ($10K social security benefits + $15K taxes) = $250B
Payback period = Total investment / Annual savings = $500B / $250B = 2 years
Therefore, the government claims that the payback on the investment would be less than 3 years.
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Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer?.
Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Last year, the US government spent $500B on enhancing employment, leading to creation of 10M jobs. An average job in US saves the government $10K in social security benefits and provides $15K in taxes. Based on this, the government claims that the payback on the investment would be less than 3 years.The government’s claim is based on which of the following assumption?a)A significant number of the jobs that have been created are comparable to or better than an average job.b)Most of the jobs that have been created through this program will last 5 years or more.c)People employed through this program are doing work that will help the Gross exports of the nation.d)The excessive money spent to create these jobs will not raise the inflation in the country.e)All jobs are created equal with similar pay and benefits.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice GMAT tests.
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