In 2008, the Value of the Stocks Listed on the New

Multiple Choice

In 2008, the value of the stocks listed on the New York Stock Exchange decreased tremendously. As a direct result:

A) both U.S. GDP and U.S. GNP declined by the same amount.
B) U.S. GDP declined by the amount of the stock market decline but U.S. GNP was unaffected.
C) U.S. GNP declined by the amount of the stock market decline but U.S. GDP was unaffected.
D) neither U.S. GDP nor U.S. GNP were affected.