Statement: "In view of a likely fiscal deficit of around five per cent, there is no denying the need for a consensus to trim government expenditure." - View of Mr X Assumptions: I. Trimming government expenditure is an effective tool to curb fiscal deficit. II. Trimming government expenditure is not an effective tool to curb fiscal deficit.

• if only assumption I is implicit.
• if only assumption II is implicit.
• if either I or II is implicit.
• if neither I nor II is implicit.