Discussion

Explanation:

Assumption I is not implicit, since it states that 7% GDP growth is not feasible while the passage mentions that it is “very much attainable”.
Assumption II is implicit, since the passage does say that in order to attain a target GDP growth rate, there must be an increase in capital formation rate. Therefore, the two are directly related.
Assumption III is not implicit, since we cannot assume that there are no other indicators of a country's economic development besides the GDP growth rate. The passage provides no basis for such an assumption.
Since there is no option for 'Only II', we select option 4.
Hence, the correct answer is option 4.

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