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Hi Pawan, incidentally, Economist also happens to be the name of a GMAT tutoring firm, and hence the confusion:).

In few rare cases, phrases connected by and may be construed as a single activity, if the two phrases are linked by some common thread. For example:

Breaking the house and entering it, has always been a child's play for the notorious thief.

Here, while there are two phrases connected by and, these phrases are part of the same sequence of events, and hence, has works fine.

While Official guide has a couple of such instances, thankfully this usage (singular/plural) has not been tested on the exam as yet (basically this was not a part of the underlined portion).

Hence, in most likelihood, you will not be required to take a call, in such instances. For the most part, you can safely choose the plural verb.

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