Identify what each measure describes
Read for meaning first. Select a highlighted word if you want a closer look.
The monetary figures in a fictional town's craft report record payments received, costs paid, and the amount left after those costs. A remunerative repair service provides its owner with substantial payment, even though another unpaid activity gives the owner greater personal enjoyment. A classroom exercise on gross domestic product asks students to count the value of final goods and services produced within an invented country's borders during one year. The tutor separates the questions, since payment, enjoyment, and a country's defined production measure concern different aspects of economic activity.
The report's monetary totals allow students to follow the money without assuming that every valuable activity has a price attached to it. The remunerative service remains financially rewarding even when the owner says that free time matters more than expanding the business. For gross domestic product, the exercise supplies a defined border, period, and set of final outputs rather than treating every transfer of money as new production. Students label what each fictional figure measures before comparing it with a character's account of a satisfying day.
Before you move on
Look away from the passage. Can you explain each focus word in your own words?
Original fictional passages for vocabulary practice.