Between the first quarter of 2000 and the first quarter of 2006, the value of housing wealth
A) increased by about $500 billion per quarter.
B) increased by about $13 trillion per quarter.
C) decreased by about $600 billion per quarter.
D) decreased by about $7 trillion per quarter.

Question

Quizplus · Accepted Answer

The increase in housing wealth from the first quarter of 2000 to the first quarter of 2006 was significant, but not on the scale of trillions of dollars per quarter. Choice A, an increase of about $500 billion per quarter, is a more reasonable estimate based on historical data. Choices C and D, which suggest a decrease in housing wealth, are also incorrect as there was a housing boom during this time period.

Between the First Quarter of 2000 and the First Quarter