To address the given question regarding what would most likely happen if the demand for oil decreased after 1990 based on the provided data on the percentage of total government revenue from oil, let's analyze the information step by step:
1. Percentage of Revenue from Oil:
The table indicates that the percentage of government revenue from oil has significantly increased over the years from 18.26% in 1967 to 97.24% in 1990. This demonstrates that by 1990, nearly all of the government's revenue is reliant on oil.
2. Dependency on Oil:
Since the percentage has reached as high as 97.24% in 1990, it implies that any fluctuation in demand for oil would directly impact the government's revenue considerably.
3. Decrease in Oil Demand:
If the demand for oil were to decrease after 1990, it would mean a significant reduction in the revenue generated from oil. This is because the revenue is highly dependent on the oil industry.
4. Impact on Government Revenue:
Given the heavy dependence (97.24%) on oil for government revenue, a decrease in the demand for oil would naturally lead to a decline in government revenue. The government's revenue is not diversified enough to withstand a decline in oil revenue without experiencing a decrease in total revenue.
Hence, based on the analysis of the chart and the dependency of government revenue on oil, the most likely scenario if the demand for oil decreased after 1990 is:
Government revenue would decline.
