Speed as well as accuracy is important in this section. Work quickly, or you might not finish the paper. There are no penalties for incorrect responses, only marks for correct answers, so you should attempt all 50 questions. Each question is worth one mark.

You must complete the answers within the time limit. Calculators are NOT permitted.

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Like other booming cities, including New York, London has thrived amid globalisation. It is growing by 100 000 new residents a year. However, if London has given striving people plenty of reasons to come, it has done a poor job of housing them. The median price of a London home has tripled over the past two decades. Since 2001 the disposable income of people renting property has fallen by 30 per cent as a result. Businesses are worried too. Commercial property in central London is twice as expensive as in New York. Productivity has begun to slow as promising firms are forced out. Overpriced property is costing London the economic and human diversity on which its prosperity depends.

1. Which one of the following best expresses the main conclusion of the above argument?
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    Explanation

    The correct answer is E.

    The article makes several points about property prices, yet the main overarching conclusion is the final line of the article where its details the effects of the increased property prices in causing the loss of economic and human diversity, of which prosperity depends. Hence the answer is E.

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