John earned the same amount of money this year as he did last year. Thus, his standard of living must be the same as it was last year.

Name: John earned the same amount of money this year as he did last year. Thus, his standard of living must be the same as it was last year.
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Question

Quizplus · Accepted Answer

John's standard of living cannot be assumed to be the same as last year just because he earned the same amount of money. Inflation, changes in expenses, and other factors can impact his standard of living.

John Earned the Same Amount of Money This Year as He