Based on the given percentages of total government revenue from oil, it is clear that there was a significant increase in dependency on oil revenues over the years, reaching 97.24% by 1990.
Here is a step-by-step analysis:
1. Initial Observation (1967-1990):
- In 1967, oil contributed to 18.26% of total government revenue.
- By 1990, this contribution skyrocketed to 97.24%.
2. Trend Analysis:
- There is a clear trend showing a heavy and increasing reliance on oil revenue. This trend indicates that nearly all of the government revenue comes from oil by 1990.
3. Hypothetical Decrease in Oil Demand:
- If the demand for oil were to decrease after 1990, it is logical to deduce that the government, which relies so heavily on oil for its revenue, would face financial difficulties.
4. Possible Outcomes:
- The statement "Government revenue would double" is highly unlikely because a decrease in demand generally leads to a reduction in revenue.
- It's unlikely the government would immediately go bankrupt because governments typically have several measures to prevent immediate bankruptcy, such as borrowing or cutting expenses.
- The government seeking foreign loans is a possible consequence but is not guaranteed or directly supported by the data given.
- The most direct and immediate outcome supported by the given data is that government revenue would decline. This is because the government’s reliance on oil for revenue means that any decrease in demand would result in less income from oil.
Thus, the most likely outcome if the demand for oil decreased after 1990 is that Government revenue would decline.
