Which of the Following Is NOT a Required Convergence Criteria

question 13

Multiple Choice

Which of the following is NOT a required convergence criteria 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:

Volume

A measure of the capacity of a body or space, expressed in cubic units.

Mass

The quantity of matter that an object contains, measured in kilograms or grams.

Density

A physical property defined as the mass of a substance per unit volume.

Volume

How much room an object or matter fills.