Implicit rent is an estimate of the amount that homeowners would pay if they had to rent their home and is also an estimate of the benefit of owning a home.

Question

Quizplus · Accepted Answer

Implicit rent represents the benefit of occupancy that homeowners get from living in their own homes, and it is estimated by calculating the amount that they would have to pay in rent if they did not own their home. Therefore, option A is correct.

Implicit Rent Is an Estimate of the Amount That Homeowners