Between the First Quarter of 2000 and the First Quarter

question 40

Multiple Choice

Between the first quarter of 2000 and the first quarter of 2006, the value of housing wealth

• A) increased by about $500 billion.
• B) increased by about $13 trillion.
• C) decreased by about $600 billion.
• D) decreased by about $7 trillion.

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Definitions:

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Foreign Portfolio Investment

Investment in financial assets from another country, such as stocks or bonds, without seeking control over the companies issuing them.

Barriers To Trade

Restrictions that hinder international trade, including tariffs, quotas, and non-tariff barriers.

Real GDP Per Person

Real GDP per person measures the value of all finished goods and services produced within a country in a specific period, adjusted for inflation, per capita.