Which of the Following Is NOT a Required Convergence Criterion

question 32

Multiple Choice

Which of the following is NOT a required convergence criterion to become a full member of the European Economic and Monetary Union (EMU) ?

• A) National birthrates must be at 2.0 or lower per person.
• B) The fiscal deficit should be no more than 3% of GDP.
• C) Nominal inflation should be no more than 1.5% above the average inflation rate for the three members with the lowest inflation rates in the previous year.
• D) Government debt should be no more than 60% of GDP.

---

Definitions:

Set Direction

The process by which leaders define goals, objectives, and the course of action to be taken to achieve desired outcomes.

Ensure Results

The act of making certain that planned outcomes or goals are achieved effectively.

Follow-through

The act of continuing an action or task until it is completed or fully achieved.

Controlling

The function of management that involves monitoring performance, comparing it with goals, and correcting any deviations.