资料:FASTcarswhizzaround,mallsarefullofexpensiveluxuriesandcranesdominatetheskyline.ButscratchtheshimmeringsurfaceoftheGulfandyousoonfindcountrieshurtingfromthelowoilprice,currentlyaround$40abarrel.Growthisslowingandunemploymentisrising.Policymakersevendare

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资料:FASTcarswhizzaround,mallsarefullofexpensiveluxuriesandcranesdominatetheskyline.ButscratchtheshimmeringsurfaceoftheGulfandyousoonfindcountrieshurtingfromthelowoilprice,currentlyaround$40abarrel.Growthisslowingandunemploymentisrising.Policymakersevendareutterathree-letter“t”worduntilrecentlytaboo:tax. OiliscentraltothesixGulfCo-operationCouncil(GC C)states,whichhaveusedthewindfallofthepastfewyearstospendlavishly.Unlikemanyoilexporters,suchasNigeriaandVenezuela,theyhavehighforeign-exchangereservesandlowdebtstocovershort-termgaps.Butpublicspendingisgenerousandtheprivatesectorisheavilyreliantonoiltoboot.Tobesustainableinaneraoflowerprices.therulersmustchangethestructureoftheireconomies. TheIMFreckonstheloweroilpriceknocked$340billionoffAraboil-exportingstates’governmentrevenuesin2015.Thisyearislookingworse.Moody’s,aratingsagency,thismonthdowngradedBahrainandOmanandputonwatchtheotherfourGCCstates:SaudiArabia,Kuwait,theUnitedArabEmirates(UA E)andQatar.“It’stheendofanerafortheGulf,”saysRazanNasserofHSBCinDubai.“Andwe’reonlyjuststartingtoseetheeffects.” Oilreceiptstypicallyaccountformorethan80%ofGCCgovernmentrevenues,risingtoover90%ofSaudiArabia’sbudgetbeforethecrisis.Dubai,oneoftheemiratesmakinguptheUA E,isanexception,withoilaccountingforonly5%ofrevenues.Thatisbecauseithassuccessfullydiversifiedtourismandservicesaccountformostofitsgovernmentrevenues. Governmentsarereactingtothesqueezeontheirincomeswithamixtureofstrategies,drawingdownreservesandtakingondebtontheonehand,andimposingspendingcutsontheother.Lastyeartheymadetweaks,suchascurbingbenefitsforpublicservants.Thisyearwillbetougher.Omanhastoldallstate-ownedenterprisestoremoveperkssuchascars.QataricompaniesincludingAlJazeeraandtheQatarFoundation,aculturalorganization,havelaidoffemployees.Withsuchtweaks,Kuwait,theUAEandQatar,whichhavesmallpopulationsandhighforeignexchangereserves,cangetbyforadecade. Whichofthefollowingstatementistrueaccordingtothepassage?

A.Luxury landmarks dominate Gulf skyline.
B.Oil price is booming.
C.Gulf authorities refuse to raise taxes.
D.Oil Price is around $40 per gallon.
正确答案A
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