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.

Question

Quizplus · Accepted Answer

National birthrates are not a required convergence criterion to become a full member of the EMU. The other options listed (B, C, and D) are all required criteria.

Which of the Following Is NOT a Required Convergence Criterion