Income and fertility
Gross domestic product (GDP) is the total dollar value of all goods an economy produces over a given time, usually expressed as a comparison to the previous quarter or year. If the year to year GDP is up 5 percent, then the economy has grown 5 percent. There are two approaches - the income approach (adding up all earnings over a year) and the expenditures approach (adding up what everyone spent). The income approach is described as the total employee compensation, gross profit for corporations and non-incorporated firms, and taxes minus subsidies. The expenditures method is more common and it specifically combines total consumption within households, and the total investment within a business. It also reveals how much money the government is spending and the balance of trade. Another factor by which is not promptly supportive are the youngsters who play a role within GDP. They clearly do not add to it and do not help the stock and bond market returns. Youngsters are wellsprings of advancement, entrepreneurial souls and play a major incentive to GDP.
Gross domestic product
Although a high or rising level of GDP is often associated with increased economic and social progress within a country, a number of scholars have pointed out that this does not necessarily play out in many instances. For example, Jean Drèze and Amartya Sen have pointed out that an increase in GDP or in GDP growth does not necessarily lead to a higher standard of living, particularly in areas such as healthcare and education. Another important area that does not necessarily improve along with GDP is political liberty, which is most notable in China, where GDP growth is strong yet political liberties are heavily restricted.