When people pay rent, this is considered as a payment for the services of shelter and is counted in C (personal consumption expenditures). If you own your home, how is that handled?
A. None of the above
B. It is not counted
C. The mortgage payment is counted in C as the payment for the service of shelter
D. For homes that are owner-occupied, the government estimates what the rent would be for that type of house and neighborhood and adds that amount to the GDP under C
c
March 3rd, 2010 at 5:38 am
c
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