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> If I own a house (outright) and live in it, I pay nothing, and no impact on GDP This is not true, at least in the US. If you're a homeowner, they estimate ho
by Aunche 3y ago
> If I own a house (outright) and live in it, I pay nothing, and no impact on GDP
This is not true, at least in the US. If you're a homeowner, they estimate how much it would cost to rent your own home and include that in the GDP.
https://en.wikipedia.org/wiki/Imputed_rent https://en.wikipedia.org/wiki/Imputed_rent
- iso1631 3y agoYou snipped the following line > So that's why you have imputed rent as part of GDP. Fine, I get that. I then came up with other parts where economic activity is not imputed