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.

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Definitions:

Lignin

A complicated organic molecule found in the cell walls of numerous plants, contributing to their stiff and woody nature.

Cellulose

A complex carbohydrate that forms the primary structural component of plant cell walls and is indigestible to humans.

Xylem

The plant's vascular system responsible for transporting water and dissolved nutrients from the roots throughout the rest of the plant.

Liverworts

Non-vascular plants belonging to the division Marchantiophyta, among the earliest land plants.