To join the EMU, a country must have a public debt below or approaching a reference level of
A) 50 percent of its GDP.
B) 10 percent of its GDP.
C) 60 percent of its GDP.
D) 100 percent of its GDP.
E) 5 percent of its GDP.
C
Economics
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Real investment spending for the past 35 years is more volatile than real personal consumption
a. True b. False Indicate whether the statement is true or false
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Change in the price of a good causes the demand schedule for that good to shift
a. True b. False Indicate whether the statement is true or false
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Most firms are structured as corporations
Indicate whether the statement is true or false
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If the opportunity cost is 2X = 1Y for country A and 1X = 3Y for country B, then a possible terms of trade is:
A) 1X = 1/3Y. B) 1X = 1/4Y. C) 1X = 1/5Y. D) 1/2X = 1Y.
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