Why is home ownership a source of capital income?
What will be an ideal response?
Home ownership is one important source of (implicit) capital income. A person who owns a home does not need to pay rent. Economists consider this "non-payment" to be a form of capital income. The income from home ownership is the amount of money the owner would have needed to spend had he or she been renting the same kind of home or apartment from a landlord.
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Monetary policy:
A. is the use of tax increases or cuts designed to change the amount of money available for spending. B. is the use of audits to make certain that banks follow bank policy. C. is the use of money and credit controls to influence macroeconomic activity. D. exists only in textbooks and has no applicability to the "real world." Monetary policy is the use of money and credit controls to influence macroeconomic activity.
People who are working up to 34 hours per week but would like to work more are considered
A) involuntary part-time workers. B) discouraged workers. C) job leavers. D) job seekers. E) unemployed.