To Join the EMU, a Country Must Have

question 29

Multiple Choice

To join the EMU, a country must have

• A) a public-sector deficit no higher than 3 percent of its GDP in general.
• B) a public-sector deficit no higher than 2 percent of its GDP in general.
• C) a public-sector deficit no higher than 1 percent of its GDP in general.
• D) a zero public-sector deficit.
• E) a public-sector deficit no higher than 4 percent of its GDP in general.

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Definitions:

\(n !\)

Denotes the factorial of n, which is the product of all positive integers less than or equal to n.

\(- 5^n\)

Represents an exponential expression where \(-5\) is the base and \(n\) is the exponent, indicating \(-5\) raised to the power of \(n\).

\(n ^ { 2 }\)

A notation denoting a number "n" raised to the power of 2, representing the square of n.

\(n ^ { 3 }\)

Refers to cubing a number, which is raising a number to the power of three or multiplying the number by itself twice.