Question: 24. Use the figure below to answer the question that follows 0.009 0.008 0.007 0:006 0.005 0.004 Quarterly GDP growth 10.003 0.002 10.001 10.2 0.22

24. Use the figure below to answer the question that follows

24. Use the figure below to answer the question that follows 0.009 0.008 0.007 0:006 0.005 0.004 Quarterly GDP growth 10.003 0.002 10.001 10.2 0.22 0.24 0.26 0.28 0.3 Government ependiture/GOP ratio Source: Burger & Calitz (2020) What is the quarterly GDP growth rate when the government spending/ GDP ratio is optimised? (4 marks) A. 0.001 B. 0.007 C. 0.0075 D. 0.005

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1. The concepts that are used to describe social situations are mental constructions.

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.