According to the criteria set by the Stability and Growth Pact, Eurozone countries were required to have a government debt of less than 60% of GDP. In 2005, more than half of the Eurozone countries did not meet this criterion, indicating that they had a government debt of more than 60% of their GDP. Therefore, option C is the best choice.

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In 2005

Question 126

Multiple Choice

In 2005:

A) no Eurozone countries satisfied the criterion of having a government debt of less than 60% of GDP.
B) all Eurozone countries satisfied the criterion of having a government debt of less than 60% of GDP.
C) more than half of Eurozone countries did not satisfy the criterion of having a government debt of less than 60% of GDP.
D) only one Eurozone country satisfied the criterion of having a government debt of less than 60% of GDP.

Correct Answer: