By 1988, GDP was about 10 percent below its 1984 level. The report described higher non-oil taxes and suspension of some new projects as falling oil revenues restricted public investment and resources for repairing damaged facilities.
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What response did the report describe to wartime fiscal pressure?
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Explanation
Falling oil revenues restricted public investment and repair resources.
Falling oil revenues constrained resources available for public investment and repairs.
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Explanation
By 1988, GDP was about 10 percent below its 1984 level. The report described higher non-oil taxes and suspension of some new projects as falling oil revenues restricted public investment and resources for repairing damaged facilities.