Which of the following is NOT a required convergence criteria to become a full member of...
Which of the following is NOT a required convergence criteria to become a full member of the European Economic and Monetary Union (EMU)?
Select one:
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. Government debt should be no more than 60% of GDP.
d. 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.
Homework Answers
Ans a. National birthrates must be at 2.0 or lower per person.
There is no such policy of National birthrates must be at 2.0 or lower per person. Since the policy might not be favourable for some countries which have low population, this policy is not issued.
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