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Test: GMAT Verbal
Recently, some economists have concluded that the major impediment to job growth in the U.S. is the enormous national debt. While many politicians would like to stimulate job growth by increasing government spending, these economists believe it will have the opposite effect and thus want to cut spending immediately. Historically, when total debt levels exceed 90% of domestic GDP, economic growth falls significantly causing job losses and overall economic malaise. The current U.S. debt is over 96% of GDP, so it is hard to argue the importance of decreasing this percentage and the economists are correct on this point. However, what these economists fail to understand is that cutting spending at this critical juncture would put too much pressure on a fragile economy. In the short term, spending should be left at current levels and revenue should be increased by increasing taxes on wealthy individuals and some corporations. As the economy strengthens, then spending can be decreased with the goal of reducing the debt percentage of GDP to a figure below 90%.
| 1. | The portions in boldface play which of the following roles? |
The first boldfaced portion is the author’s conclusion; the second boldfaced portion is support for that conclusion.
The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for that opinion.
The first boldfaced portion is an opinion that the author believes is correct; the second boldfaced portion is support for that opinion.
The first boldfaced portion is an opinion upon which the author’s conclusion is based; the second boldfaced portion is evidence that contradicts that conclusion.
The first boldfaced portion is an opinion that the author of this argument believes is incorrect; the second boldfaced portion is support for the author’s conclusion.
