What Would NOT Be True About a GNP Beta

Multiple Choice

What would NOT be true about a GNP beta?

A) If a equity's GNP beta = 1.5, the equity will experience a 1.5% increase for every 1% surprise
Increase in GNP.
B) If a equity's GNP beta = -1.5, the equity will experience a 1.5% decrease for every 1%
Surprise increase in GNP.
C) It is a measure of risk.
D) It measures the impact of systematic risk associated with GNP.
E) None of the above.