Which term refers to the total quantity and quality of goods and services that people living in an economic system can purchase?

The term which refers to the total quantity and quality of goods and services that people living in an economic system can purchase is standard of living. It is the degree or level of comfort and wealth available of a certain class in an area. It would include the GDP, economic growth, income, political stability, living quality, safety and climate. The most common measure used would be the GDP or the gross domestic product per capita. It is the total output of the services and goods that is produced by a country within its boundaries in one year divided by the total population.