Question

Spending money on rent is part of this expenditures approach for calculating the GDP.

Responses

sum of government spending
sum of government spending

gross exports
gross exports

consumer spending
consumer spending

gross imports
gross imports

sum of all the country's businesses spending on capital
sum of all the country's businesses spending on capital

Answer 1

Consumer spending.

Rent payments are treated as consumption (part of personal consumption expenditures). For owner‑occupied housing the Bureau of Economic Analysis imputes an "owners' equivalent rent" and includes that as consumption as well.