To focus on the performance of the stock market is to zero in on an economic indicator that can do well even as the country does poorly. In 2006, for instance, the Dow Jones industrial average hit highs. According to the just released census data, however, median earnings fell one percent, and millions more Americans entered the ranks of the uninsured. Indeed, from 2000 to 2007 the S&P 500 gained more than 500 points. Meanwhile, the median household income fell by more than $900. Ezra Klein, "Stock Split"
A) Argument; conclusion: According to the just released ... ranks of the uninsured.
B) Argument; conclusion: To focus on the performance ... the country does poorly.
C) Argument; conclusion: In 2006, for instance, the Dow Jones ... hit highs.
D) Argument; conclusion: Meanwhile ... fell by more than $900.
E) Nonargument.

Question

Quizplus · Accepted Answer

The passage presents an argument that focusing solely on the performance of the stock market can be misleading and may not accurately reflect the economic well-being of the country. The evidence provided shows that while the stock market was doing well in 2006 and from 2000 to 2007, median earnings and household income were falling, and more Americans were becoming uninsured. The conclusion of this argument is that the stock market is not a reliable indicator of the overall health of the economy.

To Focus on the Performance of the Stock Market Is