Time left 0:38:17 Question 21 On the following graph C+I+X represents a partial Keynesian economy (figures are in billions of dollars). If in this economy G=40, draw the Total Planned Expenditures (TPE) curve to answer the following questions. Not yet answered 540 Marked out of 45 line 520 5.00 500 Flag question 480 460 C + 1+(X-M) 440 120 Planned Expenditures ($B) 400 380 360 340 320 320 340 360 380 400 420 440 460 480 500 520 540 Real GDP ($8) What is the equilibrium GDP (GDP)? Oa. 380 Ob. 420 Oc. 460 Od. 500 The expenditure multiplier is Oa. 1 Ob. 1.5 Oc. 2 Od. 2.5 If full employment GDP (GDP.) = 480, what type of gap is the economy experiencing? Oa. recessionary Ob. Klein Oc. inflationary Od. stagnant To eliminate the gap, government expenditures (G) must by