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The answer depends on what is being compared: the income of the same consumer at different stages of their life or the income of a consumer compared with other consumer.
Yes, but that might not always make sense.
A ratio between two (usually) different quantities is the rate. Usually used to describe something compared to a quantity of time.
No because squares have different properties compared to parallelograms but they are both 4 sided quadrilaterals.
50mm squared indicates an areas while inches equals length. These are two different units that can not be compared because they measure different things.