Absolute vs Relative Income
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Questions and Answers

What does absolute income refer to?

  • Income streams that can be automated
  • Ultimate goal for achieving aspirations
  • Total amount of money earned regardless of external factors (correct)
  • Income compared to others in the same industry
  • Flashcards

    What is absolute income?

    The total amount of money earned by a person or household, without considering factors like inflation, taxes, or the cost of living.

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