Multiple Choice
Which of the following statements is most correct?
A) Capital formation was $1.6 trillion in 2009 up from $2.2 billion for 2006 largely due to the steep rise in home prices; in addition, the change in private inventories for 2009 was -$125 billion reflecting the severity of the financial crisis of 2007-09.
B) Capital formation was $1.6 billion in 2009 down from $2.2 trillion for 2006 largely due to the steep decline in home prices; in addition, the change in private inventories for 2009 was +$125 billion reflecting the severity of the financial crisis of 2007-09.
C) Capital formation was $1.6 trillion in 2009 down from $2.2 trillion for 2006 largely due to the steep decline in home prices; in addition, the change in private inventories for 2009 was -$125 billion reflecting the severity of the financial crisis of 2007-09.
D) Capital formation was $1.6 million in 2009 down from $2.2 million for 2006 largely due to the steep decline in home prices; in addition, the change in private inventories for 2009 was -$125 million reflecting the severity of the financial crisis of 2007-09.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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