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.
Economy of the Czech Republic
GDP (pp.): $353.9 billion (2016)
GDP (nom.): $195.3 billion (2016)
GDP Growth: 2.6% (2016)
GDP per capita (pp.): $33,500 (2016)
GDP per capita (nom.): $18,487 (2016)
GDP by sector:
"Agriculture:" 2.5%
"Industry:" 37.5%
"Services:" 60% (2016)
Inflation: 0.7% (2016)
Labour Force: 5.427 million (2017)
Unemployment: 2,3% (September 2018)