By March 2009,declines in the housing market and the stock market crash had decreased total U.S.household wealth by about ________.
A) $15 million, or $15,000,000
B) $15 billion, or $15,000,000,000
C) $15 trillion, or $15,000,000,000,000
D) $15 quadrillion, or $15,000,000,000,000,000

Question

Quizplus · Accepted Answer

The housing market and stock market crash in 2009 had a significant impact on the U.S. economy, resulting in a decrease in household wealth by approximately $15 trillion. This was due to the significant losses in the value of homes and investments such as stocks, 401(k) plans, and mutual funds. Option A is too low, option B is too high, and option D is an excessively large number that is beyond the realm of possibility.

By March 2009,declines in the Housing Market and the Stock