LSAT 112 – Section 1 – Question 16

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Question
QuickView
Type Tags Answer
Choices
Curve Question
Difficulty
Psg/Game/S
Difficulty
Explanation
PT112 S1 Q16
+LR
Most strongly supported +MSS
A
26%
153
B
0%
144
C
70%
162
D
2%
148
E
2%
150
143
151
159
+Medium 147.196 +SubsectionMedium

A number of measures indicate the viability of a nation’s economy. The level and rate of growth of aggregate output are the most significant indicators, but unemployment and inflation rates are also important. Further, Switzerland, Austria, Israel, Ireland, Denmark, and Finland all have viable economies, but none has a very large population. Switzerland and Austria each have populations of about seven million; the other populations are at least one-fourth smaller.

Summary
The level and rate of growth of aggregate output are the most significant indicators of the viability of a nation’s economy. Unemployment and inflation rates are also important indicators. Some countries have viable economies even though they do not have very large populations. For example, Switzerland and Austria have viable economies, but only about seven million people. Israel, Ireland, Denmark, and Finland all have viable economies, but less than seven million people.

Strongly Supported Conclusions
Having a very large population isn’t required to have a viable economy.
If the size of a country’s population is an indicator of the viability of a nation’s economy, it is not the most significant indicator.

A
A nation’s economic viability is independent of the size of its population.
Unsupported. Although having a very large population isn’t required for a viable economy, that doesn’t imply that population size is completely independent of the viability of an economy. Maybe a population of one million, for example, is required for viability.
B
Having a population larger than seven million ensures that a nation will be economically viable.
Unsupported. We don’t have any evidence that every nation with more than seven million people is economically viable.
C
Economic viability does not require a population of at least seven million.
Strongly supported. We have several examples of countries with populations smaller than seven million that are nonetheless still economically viable.
D
A nation’s population is the most significant contributor to the level and rate of growth of aggregate output.
Unsupported. We are not told what are the most important contributors to the level and rate of growth of aggregate output.
E
A nation’s population affects the level and rate of growth of aggregate output more than it affects unemployment and inflation rates.
Unsupported. We do not have any evidence that a nation’s population affects aggregate output, unemployment, or inflation rates.

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