Question

Economists make economic predictions using: educated guesses based solely on their opinion. data about the economy from the past. information only about other nations. data about how outside economies allocate their resources.

Answer 1

B. Data about the economy from the past.

Answer 2

The right answer is data about the economy from the past

Step-by-step explanation:

Economists make predictions by a process known as economic forecasting. They do this by taking the past data into account and keeping that data in mind they use various methods and mathematical models to plot graphs and variations to predict the economy of a certain business or government for a certain period of time. The past record of economy and present scenario can easily allow economists to predict the future as well.