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Directions: in each question below is given a statement followed by two assumptionsnumbered 1 and 2 as assumptions are something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit, in the statement. Give answer:Statement:The trade deficit this year is expected to be a whopping $12 billion, a level not reached before.Assumptions:1. Exports are declining from levels achieved in the past2. Such a high degree of trade deficit bodes ill for the economy.A. if only assumption 1 is implicitB. if only assumption 2 is implicitC. either 1 or 2 is implicitD. if neither 1 nor 2 is implicitE. if both are implicit
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