Suppose that the economy is depicted by the following relationship Expenditures = C +1 + G +X where: C = $100 + 0.75(Y - T) G = $700 T = $700 1 = $100 X = $250 The economy is in equilibrium at a level of real GDP or income of $ Now suppose that the government decided to increase government spending by $100 and taxes by $100 What is the new equilibrium level of GDP or income? $