If you own your own home, National Accounts uses ________ to measure the value of your home.
A) the geometric mean of the highest and lowest priced house in your neighborhood
B) the original purchase price
C) an estimate price of your house based on current market conditions
D) "rental equivalents"
E) the value of your home to your insurance carrier

Question

Quizplus · Accepted Answer

National Accounts uses "rental equivalents" to measure the value of owner-occupied housing, which estimates what the owner would pay in rent if they were renting the property.

If You Own Your Own Home, National Accounts Uses ________