The correct answer is Development which indicate closest meaning to economic growth.
The typical person's material well-being in a particular population is referred to as their standard of living.
Typically, gross domestic product (GDP) per capita is used to measure it.
Both the standard of living and the quality of life draw on some of the same facts, although the former emphasizes the more tangible aspects of life while the latter emphasizes the more ethereal ones.
The Human Development Index (HDI), which takes into account a variety of variables including life expectancy, education, gross national income (GNI), and homicide rates, is an alternative data set on standard of living.
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