The Convergence Criteria for Joining the EMU Include All the Following

Multiple Choice

The convergence criteria for joining the EMU include all the following except

A) inflation at a given low rate.
B) the long-term interest rate at a given low rate.
C) a budget deficit not exceeding 3 percent of GDP.
D) government debt not exceeding 60 percent of GDP.
E) an annual growth rate of real GDP per capita higher than 5 percent.