16. if a country's imports exceed exports by S 50 million: a. The country has a $ 50 million trade decit b. Net exports are S 50 million c. The unemployment rate will increase d. The ination rate will increase 17. Peru has nominal GDP in 2005 of S 120 billion and $ 132 billion in 2006. Ination in 2006 was at 10%. Therefore it can be said that: a. Peru had an increase in real GDP in 2006 b. Peru had a decrease in real GDP in 2006 c. Peru's GDP did not increase or decrease in 2006 d. There is not enough information to determine if GDP increased or decreased 18. A bank has 5 20, 000 in deposit liabilities. If the required reserve ratio is 20 percent, how much the bank lend? a. S 4000 b. $ 16, 000 c. S 80, 000 d. 5 100, 000 19. Suppose a family income increased from S 50. 000 to S 53, 000 in 2014, during which time there was an ination rate of 8%. We can conclude that this family: a. Experienced an increase in purchase power and improved standard of living b. Experienced an increase in nominal income and an increased standard of living c. Experienced an increase in nominal income but a decrease in real income d. Experienced no change in its purchasing power in 2014 20. Peter quits his job as a retail clerk at Sports Check to look for work as an engineer. This is an example of: a. Structural unemployment b. Frictional unemployment c. Cyclical unemployment d. Seasonal unemployment