1. Which one of the following is not expected to reduce current account deficit?
A. lower relative inflation as compared to trade partners
B. slower domestic growth than major trade partners
C. increase in private savings
D. An increase in government expenditures to stimulate the economy
2. Hale Jackson has a QPRT. If Hale outlives the term specified in the QPRT
a. Hale, as the donor, becomes the trustee
b. The property and any appreciation on the property will be included in Hale’s estate at his death
c. Remainder beneficiary will have a step-up in basis when the property passes at Hale’s death
d. Hale may enter into a written lease, paying fair market rent to the remainder beneficiary