Question

Q.7) in the 1980s soviet union’s government deficit was covered with the help of a) direct taxes b) indirecttaxes 3 c) oil revenues d) alloftheabove e) none of the above

Answer 1

In the 1980s, the Soviet Union utilized oil revenues, among other sources, to cover its government deficit.

Step-by-step explanation:

The question asks about the measure the Soviet Union's government took in the 1980s to cover its budget deficit. During this time, the Soviet Union faced substantial economic challenges and utilized several means to address its fiscal issues, one being oil revenues.

While direct and indirect taxes were definitely a part of the Soviet revenue system, it was the income from oil exports that played a significant role in covering the deficits, especially since the Soviet Union was one of the world's leading oil producers.