Hi all,
So I'm prepping myself up to do these logic, verbal and numerical reasoning tests in anticipation for job applications. I'm not the best at these mainly due to time constraints, so practice for me is key. I was doing this one earlier and for the life of me I couldn't get it. I mean I got the right answer purely out of luck but can someone help please understand the logic for this one?
Thanks!
| +86 | Are you “less ambitious” for having long term goals outside of NYC | 22 | 1d | |
| +65 | Affair with my Associate… In Desperate Need for Advice | 23 | 4d | |
| +53 | How to sound more eloquent? | 25 | 17m | |
| +40 | WSO Ranking On Resume??? | 10 | 14h | |
| +34 | Interviews Are So Fake | 20 | 3h | |
| +30 | 2024 UK Election - Tories finished? | 18 | 6h | |
| +29 | Why do people listen to Jim Cramer Investing Advice? | 13 | 7h | |
| +27 | Carnivore Diet | 13 | 2d | |
| +26 | Is my boss gaslighting me? | 3 | 4d | |
| +24 | Chaotic Insane investment banker who passed away in the 90s or 2000s | 12 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Is there any additional information provided that is not in that screenshot?
No other info, this is literally it! Could it be a typo/error?
Just taking an initial look I would have first calculated the % of Ned/Eng population factoring in England’s population growth. So, 27.53%/(1+0.639%) = 27.36% for year one and 27.53%/(1+ 0.639%)^2 = 27.18% for year two. Assuming this is cumulative number of people unemployed in England, 667,284/27.36% + 667,284/27.18% = c.4.9m so I must be missing something.
Interesting, your logic makes more sense than mine. What I did was this:
Netherlands unemployed population = 667,284. England population = 667,284/27.53% = 2,423,843 in 2009.
Then I escalated England's population of 2,423,843 in 2009 by (1+0.639%) to get pop in 2010 (2.5mill), then escalated the 2010 population by (1+0.639%) to get 2011 pop (2.7mill) total which got me like 5.3mill haha.
Man this is killing me
I think the error is that the x axis on the graph is wrong. 2018 should be 2009 and 2020 should be 2011. Using that logic you can solve for the answer:
667,284/4% (2009 Netherlands unemployment) = 16,682,100
16,682,100/0.2753 = 60,596,077
60,596,077 * (1+0.00639)^2 = 61,372,969
61,372,969 * 7% (2011 England unemployment) = 4,296,108
That's what got me confused. I'm like the question is literally impossible to answer without more information and I thought the graph was just there to mock me
Yeah at first I used average unemployment because I thought that would be the only reason the graph would be included and got close. So I then adjusted the unemployment rates in my calculation and that got me to the answer.
Sint eos vitae et illo quia quia quos enim. Facere ut quis quis dignissimos voluptas. Quidem omnis reprehenderit illo rem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...