Suppose that the economy is depicted by the following relationships [amounts are in 5 billions): Total planned expenditures = C + | + G + [X M} where C = $100 + ELBOW -T} G = 35 Till] T = 15 Till] I = $ 300 X- M = $ 250 The economy is in equilibrium at a level of real GDP or income is: Now suppose that the government decides to increase government spending by $50. What is the new equilibrium level of GDP or income? 0 A. $1200 0 3. $5,501] 0 A. $171111 0 C. $ 53!] O B. $12.51\") C) 0. $1,350 0 c. $121111 C) D. $197!]