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D. The fund comes from the surplus wealth of Norway's oil and gas production. It is generated mainly from taxes on oil companies but also from gas and oil leases and dividends from the state-owned oil company. The fund was created in 1990 to counter expected revenue decline as the nation's oil and gas wells run dry. The fund now owns about 1 percent of all the world's stocks and bonds.
C. The North Sea is a marginal sea of the Atlantic Ocean located between Great Britain, Scandinavia, Germany, the Netherlands, Belgium, and France. Besides the North Sea, Norway has oil reserves farther north in the Norwegian Sea, Barents Sea and Arctic Ocean.
A. According to the CIA World Factbook, Bermuda has a GDP of $86,000 per person compared with $65,900 in Norway and $54,800 in the United States. The richest nation is oil-rich Qatar with a GDP of $144,400 per person.
C. Russia ranks much lower than Norway in income equality, but it is a little better than the United States, according to the CIA World Factbook. Sweden ranks as the most equal nation with Denmark, Norway and Finland not far behind.