In a speech to the House of Commons in the U.K. on June 23, 2016, Chancellor of the Exchequer George Osborne expressed concern about which of the following economic trends of the U.K.?
A) That exports had grown too large compared to imports.
B) That inflation was getting dangerously large.
C) About the long-run path of the budget deficits.
D) About the long-run path of the currency value of the British pound.

Question

Quizplus · Accepted Answer

In his speech, Chancellor of the Exchequer George Osborne expressed concern about the long-run path of the budget deficits in the U.K. He warned that leaving the EU could lead to a £30 billion hole in public finances, as the government would face a shortfall in tax revenues and would also have to pay for any economic stimulus measures to offset the negative effects of leaving the EU.

In a Speech to the House of Commons in the U.K