Specify whether the following statements deal with microeconomics or macroeconomics. 1) The price of a hamburger is $7. 2) Gross domestic product, GDP, grew by 3.4% over the past 12 months. 3) The unusually cold weather caused the unemployment rate in the trucking industry to increase last month. 4) The decrease in supply caused the price of oil to increase. 5) The inflation rate last month was 1.1%

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?