A Survey of the Opinions of Leading Economists in a Certain

question 113

Multiple Choice

A survey of the opinions of leading Economists in a certain country showed that, because oil prices were expected to drop in that country over the next 12 months, had lowered their estimate of the consumer inflation rate, had raised their estimate of the gross national product (GNP) growth rate. had lowered their estimate of the consumer inflation rate but had not raised their estimate of the GNP growth rate. How many Economists had raised their estimate of GNP growth rate and lowered their estimate of the consumer inflation rate for that period?
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Definitions:

Offshore Drilling

The mechanical process of drilling below the seabed for the extraction of oil and gas resources.

Federal Agencies

Organizations within the government of the United States that are tasked with the administration of specific legislation and the execution of laws and policies.

Legislative Committee

A group within a legislative body charged with examining issues related to specific subjects and recommending legislation.

Executive Agency

A part of the government under the executive branch, responsible for enforcing laws and regulations within specific areas.