Extract A: Economic growth and population indicators in Country X, 2018 to 2022

Extract B: Economic recovery and output

Following a significant contraction in economic activity in 2020 due to supply disruptions, Country X experienced a robust recovery in its productive capacity. This expansion was driven by increased capital investment and a strong rebound in consumer confidence. However, policy makers are concerned that the benefits of aggregate growth are not being evenly distributed across the population.

Extract C: Measuring living standards

While the absolute output of the economy has surpassed its pre-crisis peak, economists argue that total GDP figures are a poor reflection of individual well-being. Instead, they emphasize that real GDP per capita provides a more accurate measure of average living standards, especially given the steady growth in the country's population over the same period.

---