Horizontal analysis of income statements a. shows individual revenue and expense items as a percentage of net income. b. shows changes in individual asset, liability, and equity items over time. cpares individual income statement items to those on the income statements of other companies. d. uses the earlier income statement as the base for computing percentage changes.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.