As for beverages themselves, Red Bull is pretty weak sauce, with only about 80 mg of caffeine in a can (about the same as you'd get in a 20-ounce bottle of Mountain Dew). It has about the same amount of caffeine per ounce as other "energy drinks", but the ridiculously small can means not much of a kick. (The can is small to increase profit margins, obviously, but also because Red Bull is a mainstay in bars -- they want to avoid the legal trouble that has befallen Four Loko and so on. Anyways...)
Make sure you do your homework here. For instance, a medium Starbucks brewed coffee has as much caffeine as 4 cans of Red Bull, or about 10 cans of Diet Coke. So, yeah. Journal. Do it.
Sugar:
You should avoid sugar. (Honestly, if you are over 16 years old, you should pretty much not eat sugar ever again in your life -- except perhaps after especially intense workouts -- but that's another discussion for another day.)
Eating sugar kicks up your insulin levels, with two main effects:
1/ Sluggishness and lack of alertness (= the "rest and digest" syndrome -- the opposite of "fight or flight"),
2/ Intense hunger. If you eat sugar, you'll be objectively more hungry than you'd be if you ate nothing at all. (Try a controlled experiment if you don't believe me.)
The worst part about the insulin-induced hunger is that it tends to kick in 1-2 hours after you eat sugar, which means you're going to get nailed right in the middle of the test. Ugh.
Oh yeah, and, if that's not enough to convince you, the whole idea that sugar provides extra energy ("sugar high") is completely false. There's no such thing as a "sugar high" at all; any such effect from candy is probably just a confounding effect from the caffeine present in chocolate. So, basically, there are no benefits to sugar at all -- none whatsoever, not even a little bit -- unless your gmat exam comes directly after a huge workout. (I don't recommend that, since big workouts tax the brain as well as the body.)
Incidentally, there's some evidence that a big workout 10-12 hours before your test, followed by sufficient sleep, will actually allow your brain to "supercompensate" and last slightly longer than usual. Worth a shot.
Ron has been teaching various standardized tests for 20 years.
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Pueden hacerle preguntas a Ron en castellano
Potete chiedere domande a Ron in italiano
On peut poser des questions à Ron en français
Voit esittää kysymyksiä Ron:lle myös suomeksi
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Quand on se sent bien dans un vêtement, tout peut arriver. Un bon vêtement, c'est un passeport pour le bonheur.
Yves Saint-Laurent
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