GMAT PBT

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GMAT PBT

by pbanavara » Mon Dec 29, 2008 6:04 pm
Five years ago, as part of a plan to encourage citizens of Levaska to increase the amount of money they put into savings, Levaska’s government introduced special savings accounts in which up to $3,000 a year can be saved with no tax due on the interest unless money is withdrawn before the account holder reaches the age of sixty-five. Millions of dollars have accumulated in the special accounts, so the government’s plan is obviously working

Which of the following, if true, most seriously weakens the argument?

A. A substantial number of Levaskans have withdrawn at least some of the money they had invested in the special accounts.
B. Workers in Levaska who already save money in long-term tax-free accounts that are offered through their workplace cannot take advantage of the special savings
accounts introduced by the government.
C. The rate at which interest earned on money deposited in regular savings accounts is taxed depends on the income bracket of the account holder.
D. Many Levaskans who already had long-term savings have steadily been
transferring those savings into the special accounts.
E. Many of the economists who now claim that the government’s plan has been successful criticized it when it was introduced.

Will post the OA in a bit
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by amitabhprasad » Mon Dec 29, 2008 6:48 pm
I think it should be "D".
C: plan is working as millions of $$$ is accumulated in the special account
P: Initial plan was to increase the amount of money they put into saving.

This conclusion will be weaken , if citizen is not saving enough.
And "D" shows the reason that citizens are not saving enough money but moving their previous held cash.

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by ronniecoleman » Mon Dec 29, 2008 9:12 pm
IMO D

This option makes sense to me as.. if the total invested money in the economy remains the same..then the govt plan has not worked.
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by pbanavara » Mon Dec 29, 2008 9:39 pm
Thanks guys - the OA is D
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by zaarathelab » Sun Oct 16, 2011 9:44 am
Why not B??
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by GmatKiss » Sun Oct 16, 2011 1:07 pm
IMO: D 1:15