ECN 221 Business Statistics Review Session Midterm Exam #1 (40 Multiple Choice Questions
answers) new update version fall 2025|2026 Arizona State University
Review Session
Midterm Exam #1
,Exam Details
• 75 mins (during class hours)
• 40 Multiple Choice Questions
• Calculators Allowed (cannot use your computers/tablets/cellphone
• Please get HB (No. 2) Pencils along
• And get your ASU ID (physical or mobile) along
,Question 1
Which of the following is included in the calculation of GDP?
A. The purchase of tutoring services from a tutor who holds citizens
outside the country but resides within the country.
B. The purchase of a new edition of a foreign textbook that was
produced in a different nation.
C. The purchase of ink and paper supplies by a textbook company fo
the production of new textbooks.
D. The purchase of a used textbook from a friend who took the sam
class last year.
, Question 1 (Answer)
Which of the following is included in the calculation of GDP?
A. The purchase of tutoring services from a tutor who holds
citizenship outside the country but resides within the country.
B. The purchase of a new edition of a foreign textbook that was
produced in a different nation.
C. The purchase of ink and paper supplies by a textbook company fo
the production of new textbooks.
D. The purchase of a used textbook from a friend who took the sam
class last year.
answers) new update version fall 2025|2026 Arizona State University
Review Session
Midterm Exam #1
,Exam Details
• 75 mins (during class hours)
• 40 Multiple Choice Questions
• Calculators Allowed (cannot use your computers/tablets/cellphone
• Please get HB (No. 2) Pencils along
• And get your ASU ID (physical or mobile) along
,Question 1
Which of the following is included in the calculation of GDP?
A. The purchase of tutoring services from a tutor who holds citizens
outside the country but resides within the country.
B. The purchase of a new edition of a foreign textbook that was
produced in a different nation.
C. The purchase of ink and paper supplies by a textbook company fo
the production of new textbooks.
D. The purchase of a used textbook from a friend who took the sam
class last year.
, Question 1 (Answer)
Which of the following is included in the calculation of GDP?
A. The purchase of tutoring services from a tutor who holds
citizenship outside the country but resides within the country.
B. The purchase of a new edition of a foreign textbook that was
produced in a different nation.
C. The purchase of ink and paper supplies by a textbook company fo
the production of new textbooks.
D. The purchase of a used textbook from a friend who took the sam
class last year.
